Neste OYJ (OTCMKTS:NTOIY) Announces Quarterly Earnings Results

Key Points

• Neste OYJ reported quarterly EPS of $0.78, beating analysts’ consensus estimate of $0.50 by $0.28. The company posted a 7.35% net margin and 19.90% return on equity.
• Shares fell $0.64 to $15.66 during Thursday trading. Neste has a $24.06 billion market capitalization, a 13.67 price-to-earnings ratio and a 12-month trading range of $9.14 to $20.29.
• Analyst sentiment is strongly positive: Zacks Research and Goldman Sachs upgraded the stock to “strong buy,” while five analysts rate it Strong Buy, one Buy and one Hold.

Neste OYJ (OTCMKTS:NTOIY - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.28, Zacks reports. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%.

Neste OYJ Price Performance

Shares of NTOIY traded down $0.64 during trading hours on Thursday, reaching $15.66. The company had a trading volume of 53,642 shares, compared to its average volume of 51,816. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Neste OYJ has a 12-month low of $9.14 and a 12-month high of $20.29. The firm has a 50 day simple moving average of $18.51 and a 200-day simple moving average of $16.12. The company has a market capitalization of $24.06 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.17 and a beta of -0.82.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NTOIY shares. Zacks Research upgraded shares of Neste OYJ from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. The Goldman Sachs Group upgraded shares of Neste OYJ from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. Five analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Strong Buy".

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels and refined petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, which are made primarily from waste and residue oils and fats. The company also develops renewable raw-material solutions for the polymers and chemicals industries.

Neste operates traditional oil-refining and marketing businesses alongside its renewable fuels operations. Its products are supplied to transportation, aviation, marine, industrial and chemical customers, as well as through fuel stations and other retail channels in selected markets.

Founded in 1948, Neste was established to secure Finland's petroleum supply and was formerly known as Neste Oil.

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