Acerinox (OTCMKTS:ANIOY) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Acerinox (OTCMKTS:ANIOY) posted its quarterly earnings results on Friday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02, Zacks reports. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. Acerinox had a net margin of 0.95% and a return on equity of 2.59%.

Acerinox Price Performance

Shares of OTCMKTS ANIOY opened at $9.43 on Friday. The stock’s 50-day simple moving average is $9.80 and its two-hundred day simple moving average is $8.79. Acerinox has a twelve month low of $6.22 and a twelve month high of $10.74. The firm has a market capitalization of $4.70 billion, a P/E ratio of 34.91 and a beta of 1.08. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60.

Wall Street Analyst Weigh In

ANIOY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Acerinox in a research note on Friday, September 4th. Citigroup restated a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. BNP Paribas Exane lowered Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group upgraded Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Acerinox Company Profile

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.