Voestalpine (OTCMKTS:VLPNY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Voestalpine (OTCMKTS:VLPNY) posted its quarterly earnings data on Wednesday. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01), Zacks reports. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%.

Voestalpine Trading Down 1.4%

VLPNY stock traded down $0.15 during mid-day trading on Wednesday, reaching $10.98. The company’s stock had a trading volume of 10,077 shares, compared to its average volume of 5,661. Voestalpine has a 12 month low of $5.35 and a 12 month high of $11.78. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $10.14 and its 200 day moving average price is $9.99. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 18.00 and a beta of 1.44.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VLPNY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded shares of Voestalpine from a “hold” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock 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.