Neste OYJ (OTCMKTS:NTOIY) Releases Earnings Results, Beats Estimates By $0.17 EPS

Neste OYJ (OTCMKTS:NTOIY) posted its quarterly earnings results on Wednesday. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17, Zacks reports. Neste OYJ had a return on equity of 2.14% and a net margin of 0.81%.The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.61 billion.

Neste OYJ Price Performance

Shares of NTOIY opened at $17.17 on Thursday. The stock has a market cap of $26.38 billion and a PE ratio of 156.11. The business has a 50-day simple moving average of $14.89 and a two-hundred day simple moving average of $12.38. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. Neste OYJ has a 12-month low of $4.89 and a 12-month high of $17.31.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTOIY. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Finally, The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Neste OYJ currently has a consensus rating of “Buy”.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.