Neste OYJ (NTOIY) Expected to Announce Quarterly Earnings on Wednesday

Neste OYJ (OTCMKTS:NTOIY) is expected to announce its resultson Wednesday, April 29th. Analysts expect the company to announce earnings of $0.2288 per share and revenue of $5.6125 billion for the quarter.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Neste OYJ had a return on equity of 2.14% and a net margin of 0.81%.The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.59 billion. On average, analysts expect Neste OYJ to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Neste OYJ Trading Up 1.3%

Shares of OTCMKTS:NTOIY opened at $14.54 on Wednesday. The firm has a market cap of $22.34 billion and a price-to-earnings ratio of 132.19. Neste OYJ has a 12 month low of $4.38 and a 12 month high of $17.31. The company’s fifty day simple moving average is $14.47 and its 200 day simple moving average is $12.13. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64.

Analysts Set New Price Targets

NTOIY has been the subject of a number of research reports. Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. The Goldman Sachs Group downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, UBS Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Neste OYJ

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.