Continental (OTCMKTS:CTTAY – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03, Zacks reports. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.96 billion. Continental had a net margin of 5.35% and a return on equity of 18.14%.
Continental Stock Down 0.8%
Continental stock traded down $0.06 during mid-day trading on Friday, hitting $7.84. The company’s stock had a trading volume of 8,269 shares, compared to its average volume of 62,035. Continental has a 52-week low of $6.61 and a 52-week high of $8.97. The company has a market cap of $15.68 billion, a PE ratio of -26.13, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.38 and a quick ratio of 1.06. The firm’s 50 day moving average is $7.86 and its 200 day moving average is $7.93.
Analyst Upgrades and Downgrades
A number of research firms recently commented on CTTAY. Sanford C. Bernstein raised shares of Continental from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 8th. Oddo Bhf raised shares of Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Continental currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on Continental
Continental Company Profile
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.
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