Continental (OTCMKTS:CTTAY) Releases Earnings Results, Misses Expectations By $0.17 EPS

Continental (OTCMKTS:CTTAY) posted its quarterly earnings data on Thursday. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.17), Zacks reports. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Continental had a net margin of 4.54% and a return on equity of 13.20%.

Continental Trading Down 0.4%

OTCMKTS:CTTAY traded down $0.03 during mid-day trading on Friday, reaching $7.72. 22,977 shares of the company’s stock traded hands, compared to its average volume of 135,721. The company has a 50 day moving average price of $7.59 and a 200-day moving average price of $8.23. The firm has a market capitalization of $15.44 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 1.34 and a beta of 1.44. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.18 and a quick ratio of 1.03. Continental has a 12-month low of $5.96 and a 12-month high of $9.19.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CTTAY. Deutsche Bank Aktiengesellschaft upgraded shares of Continental from a “hold” rating to a “buy” rating in a research report on Friday, October 17th. Oddo Bhf upgraded Continental to a “neutral” rating in a research report on Monday, September 1st. Finally, Barclays restated an “overweight” rating on shares of Continental in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Continental has an average rating of “Moderate Buy”.

About Continental

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.