Outokumpu Oyj (OTCMKTS:OUTKY) – Stock analysts at Jefferies Group cut their FY2017 earnings per share estimates for Outokumpu Oyj in a report released on Tuesday, according to Zacks Investment Research. Jefferies Group analyst S. Rosenfeld now forecasts that the company will post earnings of $0.44 per share for the year, down from their prior estimate of $0.45. Jefferies Group also issued estimates for Outokumpu Oyj’s FY2018 earnings at $0.40 EPS and FY2019 earnings at $0.53 EPS.
Separately, Zacks Investment Research upgraded shares of Outokumpu Oyj from a “sell” rating to a “buy” rating and set a $4.75 price target for the company in a research note on Wednesday, September 20th.
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Outokumpu Oyj Company Profile
Outokumpu Oyj produces and sells various stainless steel products worldwide. The company offers coils and sheets, quarto plates, bars, precision strips, rebars, welded pipes, and wire rods, as well as semi-finished products comprising cast billets and blooms, rolled and forged billets, cast slabs, and ingots.
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