Voestalpine (OTCMKTS:VLPNY) Releases Earnings Results, Beats Expectations By $0.02 EPS

Voestalpine (OTCMKTS:VLPNY) announced its quarterly earnings data on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02, Zacks reports. Voestalpine had a return on equity of 3.55% and a net margin of 1.75%.

Voestalpine Price Performance

VLPNY remained flat at $10.66 during midday trading on Wednesday. The company’s stock had a trading volume of 612 shares, compared to its average volume of 18,688. Voestalpine has a fifty-two week low of $4.80 and a fifty-two week high of $11.78. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $9.13 billion, a P/E ratio of 31.34 and a beta of 1.43. The company’s 50-day moving average price is $9.94 and its 200-day moving average price is $9.52.

Analysts Set New Price Targets

Several brokerages have issued reports on VLPNY. Citigroup reissued a “neutral” rating on shares of Voestalpine in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Finally, Barclays reissued an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Voestalpine Company Profile

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw?material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.