Outokumpu (OTCMKTS:OUTKY) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Outokumpu (OTCMKTS:OUTKY) posted its earnings results on Friday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03), Zacks reports. Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%.

Outokumpu Stock Down 16.0%

Shares of OUTKY traded down $0.39 during trading hours on Friday, reaching $2.04. 14,560 shares of the stock traded hands, compared to its average volume of 4,069. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $2.89 and a 200 day simple moving average of $3.05. Outokumpu has a 52 week low of $1.95 and a 52 week high of $3.66. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -20.44 and a beta of 0.67.

Analyst Upgrades and Downgrades

OUTKY has been the subject of a number of analyst reports. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a report on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.

Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.

Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.