Aperam (OTCMKTS:APEMY) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Key Points

• Aperam reported quarterly earnings of $0.28 per share, which missed the consensus estimate of $0.38 by $0.10. The company generated $1.89 billion in revenue, surpassing expectations of $1.71 billion.
• The company's stock remains flat at $29.17 and has a market capitalization of $2.13 billion, with a P/E ratio of 10.09.
• Aperam recently announced a dividend payment of $0.444, yielding 590.0%, but has faced downgrades from analysts at BNP Paribas and Jefferies Financial Group.

Aperam (OTCMKTS:APEMY - Get Free Report) released its earnings results on Thursday. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.10), Zacks reports. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.71 billion. Aperam had a return on equity of 1.72% and a net margin of 3.11%.

Aperam Stock Performance

Shares of APEMY remained flat at $29.17 during trading hours on Wednesday. 176 shares of the stock were exchanged, compared to its average volume of 393. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 10.09 and a beta of 1.37. Aperam has a 1 year low of $25.34 and a 1 year high of $35.75. The company has a current ratio of 1.73, a quick ratio of 0.43 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $31.27 and a two-hundred day moving average of $30.53.

Aperam Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 19th were paid a dividend of $0.444 per share. This represents a dividend yield of 590.0%. The ex-dividend date of this dividend was Friday, May 16th. Aperam's payout ratio is currently 65.40%.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut shares of Aperam from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th.

About Aperam

Aperam SA, together with its subsidiaries, produces and sells stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.