Acerinox (OTCMKTS:ANIOY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Acerinox (OTCMKTS:ANIOY) issued its quarterly earnings results on Friday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01), Zacks reports. Acerinox had a net margin of 0.95% and a return on equity of 2.59%.

Acerinox Price Performance

OTCMKTS:ANIOY remained flat at $9.43 during mid-day trading on Friday. 748 shares of the company were exchanged, compared to its average volume of 13,116. Acerinox has a fifty-two week low of $6.22 and a fifty-two week high of $10.74. The stock has a market capitalization of $4.70 billion, a PE ratio of 72.50 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. The business has a 50 day simple moving average of $9.81 and a 200-day simple moving average of $8.78.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Jefferies Financial Group upgraded Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. BNP Paribas Exane lowered Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Acerinox in a research report on Friday, September 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, 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.