Outokumpu (OTCMKTS:OUTKY) Posts Earnings Results, Misses Estimates By $0.02 EPS

Outokumpu (OTCMKTS:OUTKY) released its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02), Zacks reports. Outokumpu had a negative return on equity of 3.67% and a negative net margin of 2.32%.

Outokumpu Price Performance

OUTKY stock remained flat at $3.23 during midday trading on Thursday. The company had a trading volume of 2,000 shares, compared to its average volume of 155. The business has a fifty day moving average of $3.20 and a 200-day moving average of $3.06. The company has a current ratio of 1.56, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. Outokumpu has a 12-month low of $1.89 and a 12-month high of $3.66. The stock has a market cap of $3.06 billion, a P/E ratio of -21.53 and a beta of 0.75.

Analysts Set New Price Targets

Several research firms recently issued reports on OUTKY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th. Finally, Oddo Bhf upgraded Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.