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

Voestalpine (OTCMKTS:VLPNY) released its quarterly earnings data 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 net margin of 1.50% and a return on equity of 3.10%.

Voestalpine Price Performance

Shares of OTCMKTS:VLPNY opened at $10.43 on Wednesday. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 35.97 and a beta of 1.33. The firm has a 50 day simple moving average of $9.10 and a 200 day simple moving average of $7.64. Voestalpine has a one year low of $3.81 and a one year high of $10.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49.

Analyst Upgrades and Downgrades

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