Continental (OTCMKTS:CTTAY – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02), Zacks reports. Continental had a net margin of 0.19% and a negative return on equity of 4.89%.
Continental Stock Up 0.2%
Shares of OTCMKTS:CTTAY opened at $8.30 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $16.60 billion, a P/E ratio of -51.88, a P/E/G ratio of 0.68 and a beta of 1.39. Continental has a 52-week low of $6.21 and a 52-week high of $9.05. The stock’s fifty day simple moving average is $8.24 and its 200-day simple moving average is $7.96.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Citigroup restated a “buy” rating on shares of Continental in a research report on Friday, June 12th. Kepler Capital Markets cut shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Continental in a report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.
About Continental
Continental AG, trading on the OTC market under the ticker CTTAY, is a global technology company renowned for its wide range of automotive and industrial products. The company’s core businesses include the design, development, and manufacturing of tires for passenger cars, commercial trucks, and specialty applications, as well as advanced automotive systems such as braking solutions, vehicle stability controls, sensors and electronic safety devices.
Founded in 1871 and headquartered in Hanover, Germany, Continental began as a rubber manufacturer before pioneering pneumatic tires in the late 19th century.
Featured Stories
- Five stocks we like better than Continental
- Jersey Mike’s Serves Fresh Gains After IPO Stumble
- 3 Drone Stocks That Should Soar After the Summer Slump
- Tyson Foods Offers a Meaty Opportunity for Income Investors
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
Receive News & Ratings for Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental and related companies with MarketBeat.com's FREE daily email newsletter.
