Aperam (OTCMKTS:APEMY) Announces Quarterly Earnings Results, Misses Expectations By $0.31 EPS

Aperam (OTCMKTS:APEMY) issued its quarterly earnings results on Friday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.31), Zacks reports. Aperam had a return on equity of 2.34% and a net margin of 2.10%.

Aperam Stock Performance

Aperam stock traded down $0.86 during mid-day trading on Friday, reaching $36.89. 1,590 shares of the company traded hands, compared to its average volume of 966. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 33.31 and a beta of 1.40. Aperam has a fifty-two week low of $35.30 and a fifty-two week high of $61.65. The firm’s fifty day moving average is $47.28 and its two-hundred day moving average is $49.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.63 and a quick ratio of 0.55.

Analysts Set New Price Targets

A number of research analysts have issued reports on APEMY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research report on Friday, September 4th. Zacks Research cut Aperam from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Aperam has an average rating of “Hold”.

Aperam Company Profile

Aperam SA is a Luxembourg-based producer of stainless and specialty steel products. The company manufactures a broad range of stainless steel, electrical steel and specialty alloys for applications in industries such as automotive, construction, engineering, energy, food processing and consumer goods.

Its product portfolio includes flat and long stainless steel products, precision and specialty materials, and high-performance alloys designed for demanding industrial uses. Aperam also provides processing, distribution and technical services through its services and solutions activities.

The company has an integrated industrial and commercial presence across Europe and Brazil, with additional international sales coverage.