Outokumpu (OUTKY) Expected to Post Earnings on Thursday

Outokumpu (OTCMKTS:OUTKY) is expected to be issuing its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $1.6185 billion for the quarter.

Outokumpu Price Performance

OTCMKTS OUTKY remained flat at $3.41 during mid-day trading on Tuesday. The company had a trading volume of 719 shares, compared to its average volume of 132. The stock’s fifty day moving average is $3.19 and its 200 day moving average is $3.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.56 and a quick ratio of 0.60. The company has a market capitalization of $3.23 billion, a PE ratio of -22.73 and a beta of 0.75. Outokumpu has a 1 year low of $1.89 and a 1 year high of $3.66.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OUTKY. Oddo Bhf raised shares of Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Outokumpu currently has an average rating of “Hold”.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.