Ampco-Pittsburgh Corporation (AP) Scheduled to Post Earnings on Monday
Ampco-Pittsburgh Corporation (NYSE:AP) will release its Q3 earnings data before the market opens on Monday, November 6th. Analysts expect Ampco-Pittsburgh Corporation to post earnings of ($0.03) per share for the quarter.
Ampco-Pittsburgh Corporation (NYSE:AP) last posted its earnings results on Tuesday, August 8th. The industrial products company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. Ampco-Pittsburgh Corporation had a negative net margin of 18.73% and a negative return on equity of 25.72%. The business had revenue of $110.55 million during the quarter, compared to the consensus estimate of $108.00 million. On average, analysts expect Ampco-Pittsburgh Corporation to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Ampco-Pittsburgh Corporation (NYSE:AP) opened at $17.10 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.23.
AP has been the topic of several analyst reports. ValuEngine raised Ampco-Pittsburgh Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised Ampco-Pittsburgh Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Janney Montgomery Scott raised Ampco-Pittsburgh Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.00 to $22.00 in a research note on Wednesday, August 9th.
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An institutional investor recently raised its position in Ampco-Pittsburgh Corporation stock. State Street Corp grew its holdings in Ampco-Pittsburgh Corporation (NYSE:AP) by 10.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,827 shares of the industrial products company’s stock after acquiring an additional 12,087 shares during the quarter. State Street Corp owned 1.05% of Ampco-Pittsburgh Corporation worth $1,897,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 57.10% of the company’s stock.
Ampco-Pittsburgh Corporation Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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