Outokumpu (OUTKY) Expected to Announce Earnings on Thursday

Outokumpu (OTCMKTS:OUTKY) is anticipated to post its resultson Thursday, May 14th. Analysts expect Outokumpu to post earnings of ($0.0195) per share and revenue of $1.6698 billion for the quarter.

Outokumpu (OTCMKTS:OUTKY) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.05. The firm had revenue of $1.35 billion for the quarter. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 4.00%. On average, analysts expect Outokumpu to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Outokumpu Stock Performance

Outokumpu stock opened at $3.45 on Tuesday. The firm’s fifty day moving average price is $3.05 and its 200-day moving average price is $2.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 1.63. The stock has a market cap of $3.26 billion, a P/E ratio of -21.54 and a beta of 0.68. Outokumpu has a fifty-two week low of $1.73 and a fifty-two week high of $3.45.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of Outokumpu from a “buy” rating to a “hold” rating in a research report on Friday, January 16th. Citigroup restated a “neutral” rating on shares of Outokumpu in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Outokumpu

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.