Voestalpine (OTCMKTS:VLPNY) Announces Quarterly Earnings Results

Voestalpine (OTCMKTS:VLPNY) issued its earnings results on Wednesday. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01, Zacks reports. Voestalpine had a net margin of 1.02% and a return on equity of 2.15%.

Voestalpine Stock Up 10.5%

Shares of Voestalpine stock traded up $0.73 during trading on Wednesday, reaching $7.69. The company had a trading volume of 4,074 shares, compared to its average volume of 1,110. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 38.44 and a beta of 1.39. Voestalpine has a fifty-two week low of $3.34 and a fifty-two week high of $7.89. The firm’s fifty day moving average is $6.91 and its 200-day moving average is $6.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.35.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Voestalpine presently has a consensus rating of “Hold”.

Voestalpine Company Profile

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.