Continental (CTTAY) Set to Release Quarterly Earnings on Wednesday

Continental (OTCMKTS:CTTAY) will likely be releasing its results before the market opens on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.1524 per share and revenue of $3.96 billion for the quarter.

Continental (OTCMKTS:CTTAY) last posted its earnings results on Tuesday, August 4th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Continental had a negative return on equity of 10.86% and a negative net margin of 1.36%. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. On average, analysts expect Continental to post $0.67 EPS for the current fiscal year and $0.72 EPS for the next fiscal year.

Continental Stock Performance

Shares of CTTAY opened at $7.44 on Monday. The company’s fifty day moving average is $7.88 and its 200-day moving average is $7.93. Continental has a 12 month low of $6.61 and a 12 month high of $8.97. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of -24.80, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.94.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Continental from a “market perform” rating to an “outperform” rating in a report on Thursday, October 8th. Oddo Bhf upgraded Continental from a “neutral” rating to an “outperform” rating in a report on Thursday, September 3rd. Finally, Kepler Capital Markets cut Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Continental presently has a consensus rating of “Moderate Buy”.

About Continental

Continental AG is a Germany-based technology and automotive supplier whose products and services support vehicle manufacturers, commercial transportation companies and industrial customers. The company develops vehicle systems and components, tires, and products made from rubber and other technical materials.

Its automotive activities include electronic systems, safety and motion-control technologies, software, displays, sensors and other components used in passenger vehicles and commercial vehicles.