ThyssenKrupp (OTCMKTS:TKAMY) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• ThyssenKrupp reported earnings of $0.28 per share for the quarter, but has a negative return on equity of -9.70% and a negative net margin of -3.04%.
• The stock traded down $0.08 to $11.29, with a market cap of $7.03 billion and a price-to-earnings ratio of -6.27.
• DZ Bank downgraded ThyssenKrupp from a "hold" rating to a "strong sell" rating on July 30th, indicating negative market sentiment.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) posted its earnings results on Wednesday. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05, Zacks reports. ThyssenKrupp had a negative return on equity of 7.90% and a negative net margin of 2.40%. The firm had revenue of $9.73 billion for the quarter, compared to analyst estimates of $8.62 billion.

ThyssenKrupp Stock Up 3.9%

TKAMY stock traded up $0.38 during midday trading on Monday, hitting $10.02. The company's stock had a trading volume of 13,919 shares, compared to its average volume of 97,657. ThyssenKrupp has a 52-week low of $3.08 and a 52-week high of $13.29. The firm has a 50-day simple moving average of $11.30 and a 200-day simple moving average of $9.99. The company has a quick ratio of 1.10, a current ratio of 1.76 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $6.24 billion, a P/E ratio of -7.06 and a beta of 1.26.

Analyst Upgrades and Downgrades

Separately, DZ Bank lowered shares of ThyssenKrupp from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 30th.

ThyssenKrupp Company Profile

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.