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

Key Points

• Outokumpu has a consensus rating of “Hold” from six brokerages, comprised of one sell, four holds and one buy.
• Recent analyst moves skew toward neutrality: Zacks upgraded the stock from “strong sell” to “hold,” Jefferies cut its rating from buy to hold, and Citigroup reissued a neutral rating.
• The company reported an EPS beat of ($0.08) vs. ($0.13) expected and $1.35 billion in quarterly revenue, but still had a negative net margin (−2.55%) and ROE (−4%), with shares trading around $2.69 and a market cap of $2.54 billion.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) has been assigned a consensus rating of "Hold" from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company.

A number of brokerages have recently issued reports on OUTKY. Zacks Research raised Outokumpu from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 1st. Citigroup reissued a "neutral" rating on shares of Outokumpu in a report on Thursday, January 22nd. Finally, Jefferies Financial Group lowered Outokumpu from a "buy" rating to a "hold" rating in a research note on Friday, January 16th.

Outokumpu Price Performance

Shares of OUTKY stock opened at $2.69 on Wednesday. The firm has a fifty day simple moving average of $2.97 and a 200-day simple moving average of $2.57. The company has a market capitalization of $2.54 billion, a PE ratio of -16.81 and a beta of 0.55. Outokumpu has a twelve month low of $1.63 and a twelve month high of $3.35. The company has a current ratio of 1.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.05. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 4.00%. The firm had revenue of $1.35 billion for the quarter. Equities research analysts anticipate that Outokumpu will post 0.07 earnings per share for the current fiscal year.

About Outokumpu

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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