Outokumpu (OTCMKTS:OUTKY) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Outokumpu has a consensus “Hold” rating from six analysts: four recommend holding the stock and two recommend buying it. Recent coverage includes an Oddo BHF upgrade to “Outperform,” while Citigroup and Deutsche Bank maintained neutral or hold ratings.
• The stock traded flat at $3.29, near its 52-week high of $3.66, with a market capitalization of approximately $3.12 billion.
• Outokumpu’s latest quarterly results fell short of expectations, with EPS of $0.03 versus the $0.05 consensus and revenue of $1.84 billion versus the $1.97 billion estimate. Analysts expect full-year EPS of $0.12.

Shares of Outokumpu (OTCMKTS:OUTKY - Get Free Report) have been given an average recommendation of "Hold" by the six ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

A number of equities research analysts have issued reports on the company. Citigroup restated a "neutral" rating on shares of Outokumpu in a research report on Wednesday, May 20th. Oddo Bhf upgraded Outokumpu to an "outperform" rating in a report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Outokumpu in a research report on Friday.

Outokumpu Price Performance

Shares of OUTKY stock remained flat at $3.29 during mid-day trading on Friday. 100 shares of the stock traded hands, compared to its average volume of 1,324. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.60. The company has a 50-day simple moving average of $3.11 and a 200 day simple moving average of $3.14. Outokumpu has a 1 year low of $1.90 and a 1 year high of $3.66. The stock has a market capitalization of $3.12 billion, a P/E ratio of -32.95 and a beta of 0.72.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%.The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.97 billion. On average, equities research analysts expect that Outokumpu will post 0.12 earnings per share for the current year.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe's leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu's core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company's primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.

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