Continental Aktiengesellschaft (OTCMKTS:CTTAY) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Continental Aktiengesellschaft (OTCMKTS:CTTAY) posted its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04, Zacks reports. Continental Aktiengesellschaft had a net margin of 2.51% and a return on equity of 7.09%.

Continental Aktiengesellschaft Stock Up 0.3 %

CTTAY stock opened at $7.93 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.25 and a quick ratio of 0.81. Continental Aktiengesellschaft has a 12 month low of $5.56 and a 12 month high of $7.99. The company has a fifty day moving average price of $7.31 and a 200 day moving average price of $6.90. The company has a market cap of $15.86 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.35 and a beta of 1.39.

Continental Aktiengesellschaft Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be issued a $0.1978 dividend. This is an increase from Continental Aktiengesellschaft’s previous dividend of $0.16. This represents a dividend yield of 2.61%. The ex-dividend date is Tuesday, April 29th. Continental Aktiengesellschaft’s payout ratio is presently 30.16%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CTTAY. Hsbc Global Res raised Continental Aktiengesellschaft to a “hold” rating in a research report on Wednesday, April 2nd. Citigroup restated a “buy” rating on shares of Continental Aktiengesellschaft in a research note on Wednesday, April 2nd.

Continental Aktiengesellschaft Company Profile

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.