Voestalpine (OTCMKTS:VLPNY) Announces Earnings Results, Beats Expectations By $0.01 EPS

Voestalpine (OTCMKTS:VLPNY) announced its earnings results on Wednesday. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01, Zacks reports. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. Voestalpine had a net margin of 1.02% and a return on equity of 2.15%.

Voestalpine Price Performance

Voestalpine stock remained flat at $7.69 during midday trading on Friday. 35 shares of the company’s stock traded hands, compared to its average volume of 1,110. The company has a market capitalization of $6.59 billion, a P/E ratio of 38.44 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.35. Voestalpine has a twelve month low of $3.34 and a twelve month high of $7.89. The company has a fifty day simple moving average of $6.95 and a 200-day simple moving average of $6.02.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Voestalpine currently has an average rating of “Hold”.

About Voestalpine

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.