Voestalpine (OTCMKTS:VLPNY) Announces Earnings Results

Voestalpine (OTCMKTS:VLPNY) issued its earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01), Zacks reports. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%.

Voestalpine Trading Up 4.3%

Shares of Voestalpine stock opened at $10.43 on Wednesday. Voestalpine has a 1-year low of $3.81 and a 1-year high of $10.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49. The stock has a market cap of $8.94 billion, a P/E ratio of 35.97 and a beta of 1.33. The stock’s 50 day simple moving average is $9.10 and its 200-day simple moving average is $7.64.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VLPNY shares. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, November 13th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.