Neste OYJ (NTOIY) Projected to Release Quarterly Earnings on Thursday

Neste OYJ (OTCMKTS:NTOIY) is projected to issue its resultson Thursday, July 23rd. Analysts expect Neste OYJ to announce earnings of $0.56 per share and revenue of $7.2310 billion for the quarter.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The firm had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.84 billion. On average, analysts expect Neste OYJ to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Neste OYJ Trading Up 0.1%

Shares of OTCMKTS NTOIY opened at $17.82 on Thursday. Neste OYJ has a fifty-two week low of $7.15 and a fifty-two week high of $18.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The company has a market cap of $27.38 billion and a price-to-earnings ratio of 33.00. The business’s 50 day moving average price is $16.29 and its 200-day moving average price is $14.65.

Wall Street Analysts Forecast Growth

NTOIY has been the topic of several research analyst reports. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.