Continental (CTTAY) Projected to Post Earnings on Wednesday

Key Points

• Continental is set to report its quarterly earnings on August 6th, with analysts predicting earnings of $0.26 per share and revenue of $11.10 billion.
• In the last earnings announcement on May 6th, Continental beat expectations, posting $0.11 EPS and revenue of $11.02 billion compared to estimates of $10.78 billion.
• Continental's stock recently opened at $8.96, with a market capitalization of $17.92 billion and varying analyst ratings, including a recent "buy" rating from Citigroup.

Continental (OTCMKTS:CTTAY - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, August 6th. Analysts expect Continental to post earnings of $0.26 per share and revenue of $11.10 billion for the quarter.

Continental (OTCMKTS:CTTAY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $11.02 billion during the quarter, compared to the consensus estimate of $10.78 billion. Continental had a return on equity of 9.84% and a net margin of 3.71%. On average, analysts expect Continental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Continental Stock Down 0.6%

Shares of Continental stock traded down $0.05 during trading hours on Friday, hitting $8.54. 25,229 shares of the company's stock traded hands, compared to its average volume of 29,752. The stock has a 50 day simple moving average of $8.77 and a 200-day simple moving average of $7.85. The company has a quick ratio of 1.47, a current ratio of 1.68 and a debt-to-equity ratio of 0.27. The company has a market cap of $17.08 billion, a PE ratio of 12.20, a PEG ratio of 0.69 and a beta of 1.38. Continental has a twelve month low of $5.64 and a twelve month high of $9.19.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded Continental from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

About Continental

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.