Continental (OTCMKTS:CTTAY – Get Free Report) issued its earnings results on Wednesday. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03, Zacks reports. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.96 billion. Continental had a negative return on equity of 10.86% and a negative net margin of 1.36%.
Continental Stock Up 6.0%
Shares of CTTAY stock traded up $0.45 during midday trading on Thursday, reaching $7.91. 3,717 shares of the stock were exchanged, compared to its average volume of 62,452. The firm has a market cap of $15.82 billion, a PE ratio of -26.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.36. The company’s 50 day moving average is $7.86 and its two-hundred day moving average is $7.93. Continental has a 1 year low of $6.61 and a 1 year high of $8.97. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.94.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Oddo Bhf raised shares of Continental from a “neutral” rating to an “outperform” rating in a report on Thursday, September 3rd. Sanford C. Bernstein upgraded shares of Continental from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on Continental
About Continental
Continental AG is a Germany-based technology and automotive supplier whose products and services support vehicle manufacturers, commercial transportation companies and industrial customers. The company develops vehicle systems and components, tires, and products made from rubber and other technical materials.
Its automotive activities include electronic systems, safety and motion-control technologies, software, displays, sensors and other components used in passenger vehicles and commercial vehicles.
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