Aperam (OTCMKTS:APEMY) Announces Quarterly Earnings Results, Misses Expectations By $0.31 EPS

Aperam (OTCMKTS:APEMY) announced its earnings results on Friday. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.31), Zacks reports. Aperam had a net margin of 2.10% and a return on equity of 2.34%.

Aperam Stock Down 2.3%

APEMY stock traded down $0.86 on Friday, hitting $36.89. 1,590 shares of the company’s stock were exchanged, compared to its average volume of 966. Aperam has a 12-month low of $35.30 and a 12-month high of $61.65. The firm has a 50 day moving average price of $47.28 and a two-hundred day moving average price of $49.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.55 and a current ratio of 1.63. The stock has a market cap of $2.70 billion, a P/E ratio of 33.31 and a beta of 1.40.

Wall Street Analysts Forecast Growth

APEMY has been the topic of several research analyst reports. Zacks Research downgraded Aperam from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Aperam presently has an average rating of “Hold”.

Aperam Company Profile

Aperam SA is a Luxembourg-based producer of stainless and specialty steel products. The company manufactures a broad range of stainless steel, electrical steel and specialty alloys for applications in industries such as automotive, construction, engineering, energy, food processing and consumer goods.

Its product portfolio includes flat and long stainless steel products, precision and specialty materials, and high-performance alloys designed for demanding industrial uses. Aperam also provides processing, distribution and technical services through its services and solutions activities.

The company has an integrated industrial and commercial presence across Europe and Brazil, with additional international sales coverage.