Aperam (OTCMKTS:APEMY) Stock Price Down 1.8% on Disappointing Earnings

Key Points

• Aperam's stock price declined by 1.8%, trading at $29.17 with a significant drop in trading volume, down 53% compared to the average.
• Analysts have recently downgraded Aperam's stock ratings, with Jefferies Financial Group moving from a "buy" to a "hold" and BNP Paribas from "strong-buy" to "neutral".
• The company reported $0.28 earnings per share for the quarter and a forecast of 2.84 EPS for the fiscal year, highlighting a relatively low return on equity of 2.93%.

Aperam (OTCMKTS:APEMY - Get Free Report) shares traded down 1.8% during mid-day trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $29.17 and last traded at $29.17. 176 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 376 shares. The stock had previously closed at $29.69.

The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.10). The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.71 billion. Aperam had a net margin of 3.11% and a return on equity of 1.72%.

Aperam Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BNP Paribas downgraded shares of Aperam from a "strong-buy" rating to a "neutral" rating in a report on Monday, April 7th. Jefferies Financial Group lowered Aperam from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th.

Aperam Price Performance

The business has a fifty day simple moving average of $31.32 and a two-hundred day simple moving average of $30.52. 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 company has a market cap of $2.13 billion, a PE ratio of 10.09 and a beta of 1.37.

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.