Voestalpine (OTCMKTS:VLPNY) Posts Earnings Results, Beats Expectations By $0.02 EPS

Voestalpine (OTCMKTS:VLPNY) announced its quarterly earnings data on Wednesday. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02, Zacks reports. Voestalpine had a net margin of 1.75% and a return on equity of 3.55%.

Voestalpine Stock Performance

Shares of VLPNY stock opened at $10.66 on Wednesday. The company has a fifty day moving average price of $9.94 and a two-hundred day moving average price of $9.52. Voestalpine has a one year low of $4.80 and a one year high of $11.78. The stock has a market cap of $9.13 billion, a P/E ratio of 31.34 and a beta of 1.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.45.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Finally, Barclays reiterated an “overweight” rating on shares of Voestalpine in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Voestalpine Company Profile

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.