Outokumpu (OTCMKTS:OUTKY) Posts Earnings Results

Outokumpu (OTCMKTS:OUTKY) released its quarterly earnings data on Friday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03), Zacks reports. Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.38%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion.

Outokumpu Trading Down 16.0%

Outokumpu stock opened at $2.04 on Friday. Outokumpu has a 1 year low of $1.95 and a 1 year high of $3.66. The stock has a market cap of $1.93 billion, a P/E ratio of -20.44 and a beta of 0.67. The firm’s 50 day moving average price is $2.87 and its 200-day moving average price is $3.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.60.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OUTKY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research note on Friday, September 4th. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research report on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.

Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.

Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.