Aperam (OTCMKTS:APEMY) Releases Earnings Results, Beats Estimates By $0.37 EPS

Aperam (OTCMKTS:APEMY) issued its earnings results on Thursday. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.37, Zacks reports. Aperam had a net margin of 2.10% and a return on equity of 2.40%.

Aperam Stock Down 0.6%

Shares of APEMY traded down $0.35 during midday trading on Friday, hitting $53.71. 584 shares of the company’s stock traded hands, compared to its average volume of 93. Aperam has a 1 year low of $29.17 and a 1 year high of $61.65. The firm’s fifty day moving average is $55.39 and its 200-day moving average is $49.57. The company has a current ratio of 3.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 26.59 and a beta of 1.36.

Analyst Ratings Changes

Several research analysts recently issued reports on APEMY shares. Zacks Research raised Aperam from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Citigroup reiterated a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. BNP Paribas Exane downgraded Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.