Voestalpine (OTCMKTS:VLPNY) Releases Earnings Results, Misses Expectations By $0.01 EPS

Voestalpine (OTCMKTS:VLPNY) issued its earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01), Zacks reports. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%.

Voestalpine Trading Up 4.3%

Shares of OTCMKTS VLPNY traded up $0.43 during trading hours on Wednesday, hitting $10.43. 2,296 shares of the company traded hands, compared to its average volume of 3,802. The company’s 50 day moving average price is $9.10 and its 200 day moving average price is $7.64. Voestalpine has a 12 month low of $3.81 and a 12 month high of $10.52. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 35.97 and a beta of 1.33. The company has a current ratio of 1.32, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VLPNY. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, November 13th. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Voestalpine presently has an average rating of “Moderate Buy”.

About Voestalpine

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.