Voestalpine (OTCMKTS:VLPNY) Posts Earnings Results, Misses Expectations By $0.06 EPS

Voestalpine (OTCMKTS:VLPNY) announced its quarterly earnings data on Wednesday. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06), Zacks reports. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%.

Voestalpine Stock Performance

OTCMKTS:VLPNY traded down $0.69 on Wednesday, hitting $8.61. The company’s stock had a trading volume of 100 shares, compared to its average volume of 4,601. Voestalpine has a one year low of $7.64 and a one year high of $11.78. The firm has a market capitalization of $7.38 billion, a P/E ratio of 12.30 and a beta of 1.48. The stock has a fifty day moving average of $9.83 and a two-hundred day moving average of $10.02. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

VLPNY has been the topic of several analyst reports. Zacks Research raised shares of Voestalpine from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 29th. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a research note on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Voestalpine Company Profile

voestalpine AG is an Austria-based steel and technology group headquartered in Linz. Its business spans steel production and processing, specialty metals, metal forming, and railway infrastructure. The company supplies products and services to industries including automotive, rail, aerospace, energy, and mechanical engineering. Its offerings include high-performance steels and components, automotive parts, tooling, and rail, switch, and signaling systems. voestalpine’s roots trace to steelworks established in Linz in 1938.