Continental (CTTAY) Projected to Post Earnings on Tuesday

Continental (OTCMKTS:CTTAY) is expected to be issuing its results before the market opens on Tuesday, August 4th. Analysts expect Continental to announce earnings of $0.1629 per share and revenue of $5.0354 billion for the quarter.

Continental (OTCMKTS:CTTAY) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.07 billion. Continental had a negative return on equity of 4.89% and a net margin of 0.19%. On average, analysts expect Continental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Continental Trading Up 0.4%

CTTAY opened at $8.28 on Friday. Continental has a 1-year low of $6.21 and a 1-year high of $9.05. The stock has a market capitalization of $16.56 billion, a PE ratio of -51.75, a PEG ratio of 0.68 and a beta of 1.38. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average price of $8.23 and a two-hundred day moving average price of $7.96.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CTTAY shares. Citigroup reissued a “buy” rating on shares of Continental in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Finally, Kepler Capital Markets cut Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.