Voestalpine (OTCMKTS:VLPNY – Get Free Report) announced its earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02, Zacks reports. Voestalpine had a net margin of 1.75% and a return on equity of 3.55%.
Voestalpine Trading Down 1.3%
Shares of VLPNY opened at $10.52 on Thursday. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 30.93 and a beta of 1.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33. Voestalpine has a fifty-two week low of $4.90 and a fifty-two week high of $11.78. The firm has a 50 day moving average price of $10.01 and a 200-day moving average price of $9.56.
Analysts Set New Price Targets
VLPNY has been the subject of several research analyst reports. Barclays reiterated an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Voestalpine 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.
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