Continental Aktiengesellschaft (OTCMKTS:CTTAY) Issues Earnings Results, Beats Estimates By $0.04 EPS

Continental Aktiengesellschaft (OTCMKTS:CTTAY - Get Free Report) posted its earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04, Zacks reports. Continental Aktiengesellschaft had a net margin of 2.51% and a return on equity of 7.09%. The business had revenue of $11.02 billion for the quarter, compared to analyst estimates of $10.78 billion.

Continental Aktiengesellschaft Stock Performance

OTCMKTS CTTAY traded up $0.08 on Friday, hitting $8.13. The stock had a trading volume of 30,657 shares, compared to its average volume of 267,205. The company's 50-day moving average is $7.39 and its two-hundred day moving average is $6.95. Continental Aktiengesellschaft has a one year low of $5.56 and a one year high of $8.32. The stock has a market cap of $16.26 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.35 and a beta of 1.39. The company has a quick ratio of 0.81, a current ratio of 1.25 and a debt-to-equity ratio of 0.32.

Continental Aktiengesellschaft Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th were given a $0.1978 dividend. The ex-dividend date was Tuesday, April 29th. This is an increase from Continental Aktiengesellschaft's previous dividend of $0.16. This represents a yield of 2.61%. Continental Aktiengesellschaft's dividend payout ratio (DPR) is currently 27.14%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Hsbc Global Res raised shares of Continental Aktiengesellschaft to a "hold" rating in a research report on Wednesday, April 2nd. Citigroup reaffirmed a "buy" rating on shares of Continental Aktiengesellschaft in a report on Wednesday, April 2nd.

Continental Aktiengesellschaft Company Profile

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.