Continental (OTCMKTS:CTTAY) Posts Earnings Results, Misses Expectations By $0.06 EPS

Continental (OTCMKTS:CTTAY) posted its quarterly earnings data on Wednesday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06), Zacks reports. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Continental had a net margin of 0.19% and a negative return on equity of 4.93%.

Continental Price Performance

Shares of CTTAY traded up $0.19 during trading hours on Friday, hitting $8.35. 3,423 shares of the stock were exchanged, compared to its average volume of 76,351. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.87 and a current ratio of 1.28. Continental has a 12-month low of $6.21 and a 12-month high of $9.19. The company has a market cap of $16.70 billion, a price-to-earnings ratio of -52.19, a price-to-earnings-growth ratio of 4.16 and a beta of 1.36. The stock’s 50-day moving average price is $7.48 and its two-hundred day moving average price is $7.73.

Analyst Upgrades and Downgrades

CTTAY has been the subject of several research reports. Berenberg Bank cut Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Citigroup reiterated a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Finally, Zacks Research upgraded Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Continental Company Profile

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.