Voestalpine (VLPNY) Projected to Announce Earnings on Wednesday

Voestalpine (OTCMKTS:VLPNY) is anticipated to announce its results before the market opens on Wednesday, August 5th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $4.3804 billion for the quarter.

Voestalpine (OTCMKTS:VLPNY) last released its earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%.The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.19 billion. On average, analysts expect Voestalpine to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Voestalpine Stock Performance

OTCMKTS:VLPNY opened at $10.61 on Monday. The firm has a market capitalization of $9.10 billion, a PE ratio of 17.39 and a beta of 1.46. The stock’s fifty day moving average is $10.13 and its 200 day moving average is $9.97. Voestalpine has a fifty-two week low of $5.35 and a fifty-two week high of $11.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.35.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VLPNY shares. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Finally, UBS Group cut shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Three 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, Voestalpine has an average rating of “Moderate Buy”.

About Voestalpine

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.