Voestalpine (OTCMKTS:VLPNY) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Voestalpine (OTCMKTS:VLPNY) released its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07), Zacks reports. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%.

Voestalpine Stock Down 7.4%

VLPNY stock opened at $8.61 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.41 and a debt-to-equity ratio of 0.19. Voestalpine has a fifty-two week low of $7.64 and a fifty-two week high of $11.78. The firm’s 50-day simple moving average is $9.80 and its 200 day simple moving average is $10.02. The stock has a market cap of $7.38 billion, a PE ratio of 12.30 and a beta of 1.48.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VLPNY. Deutsche Bank reaffirmed a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Zacks Research upgraded Voestalpine from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 29th. Finally, UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Voestalpine currently has a consensus rating of “Moderate Buy”.

Voestalpine Company Profile

voestalpine AG is an Austria-based steel and technology group headquartered in Linz. Its business spans steel production and processing, specialty metals, metal forming, and railway infrastructure. The company supplies products and services to industries including automotive, rail, aerospace, energy, and mechanical engineering. Its offerings include high-performance steels and components, automotive parts, tooling, and rail, switch, and signaling systems. voestalpine’s roots trace to steelworks established in Linz in 1938.