Jefferies Financial Group Comments on Acerinox, S.A.’s FY2021 Earnings (OTCMKTS:ANIOY)

Acerinox, S.A. (OTCMKTS:ANIOY) – Equities research analysts at Jefferies Financial Group lifted their FY2021 earnings estimates for shares of Acerinox in a report released on Monday, October 11th. Jefferies Financial Group analyst A. Spence now anticipates that the company will post earnings per share of $1.13 for the year, up from their prior estimate of $1.03. Jefferies Financial Group also issued estimates for Acerinox’s FY2022 earnings at $1.14 EPS.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Acerinox in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised Acerinox to a “buy” rating in a research note on Wednesday, September 15th. They noted that the move was a valuation call. Zacks Investment Research raised Acerinox from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research note on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a research note on Wednesday, September 29th. Finally, Credit Suisse Group lowered Acerinox from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $7.25.

OTCMKTS ANIOY opened at $6.60 on Tuesday. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 17.82 and a beta of 1.71. The company has a current ratio of 1.80, a quick ratio of 0.98 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $6.58 and its two-hundred day moving average is $6.56. Acerinox has a 12-month low of $4.00 and a 12-month high of $7.35.

Acerinox Company Profile

Acerinox SA is a holding company. It is engaged through its subsidiaries in manufacturing, transformation and marketing of stainless steel products. It operates through the following segments: Flat Stainless Steel Products, Long Stainless Steel Products, and Other. The Flat Stainless Steel Products segment includes slabs, coils, plates, flats, circles, and sheet bars.

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Earnings History and Estimates for Acerinox (OTCMKTS:ANIOY)

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