Acerinox (OTCMKTS:ANIOY - Get Free Report) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $6.32, but opened at $5.97. Acerinox shares last traded at $5.97, with a volume of 13,797 shares trading hands.
The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.20). Acerinox had a net margin of 3.34% and a return on equity of 7.07%.
Acerinox Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, August 4th. Stockholders of record on Friday, July 18th will be given a $0.1085 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This is an increase from Acerinox's previous dividend of $0.10. This represents a dividend yield of 3.21%. Acerinox's dividend payout ratio is currently 57.89%.
Wall Street Analyst Weigh In
Separately, BNP Paribas downgraded shares of Acerinox to a "neutral" rating in a research note on Monday, April 7th.
Read Our Latest Report on ANIOY
Acerinox Price Performance
The firm has a market capitalization of $2.98 billion, a P/E ratio of 15.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.16 and a quick ratio of 1.06. The stock's fifty day simple moving average is $6.03 and its 200 day simple moving average is $5.67.
Acerinox Company Profile
(
Get Free Report)
Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.
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