Neste OYJ (OTCMKTS:NTOIY) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Neste OYJ (OTCMKTS:NTOIY) issued its earnings results on Friday. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02, Zacks reports. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion.

Neste OYJ Trading Down 6.9%

OTCMKTS NTOIY opened at $17.65 on Friday. Neste OYJ has a 1 year low of $7.78 and a 1 year high of $19.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The company has a market capitalization of $27.12 billion and a PE ratio of 32.69. The company has a fifty day moving average of $16.57 and a 200 day moving average of $14.98.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NTOIY shares. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

About Neste OYJ

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.