Acerinox (ANIOY) Projected to Post Quarterly Earnings on Friday

Key Points

• Acerinox is expected to report quarterly earnings on Friday, October 30. Analysts forecast earnings of $0.2062 per share and revenue of $1.87 billion.
• In its previous quarter, Acerinox earned $0.17 per share, exceeding estimates by $0.04, while revenue reached $1.84 billion. Analysts project full-year EPS of $0.53 and next-year EPS of $0.92.
• The stock opened at $9.25, down 0.6%, and analysts maintain a consensus “Moderate Buy” rating, despite mixed opinions ranging from Strong Buy to Sell.

Acerinox (OTCMKTS:ANIOY - Get Free Report) is projected to release its resultson Friday, October 30th. Analysts expect Acerinox to post earnings of $0.2062 per share and revenue of $1.87 billion for the quarter.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last announced its earnings results on Friday, July 24th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $3.51 billion. On average, analysts expect Acerinox to post $0.53 EPS for the current fiscal year and $0.92 EPS for the next fiscal year.

Acerinox Trading Down 0.6%

Shares of ANIOY stock opened at $9.25 on Friday. Acerinox has a 1 year low of $6.22 and a 1 year high of $10.74. The firm has a market capitalization of $4.61 billion, a PE ratio of 71.55 and a beta of 1.08. The stock has a fifty day moving average of $9.91 and a two-hundred day moving average of $9.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.65.

Wall Street Analysts Forecast Growth

ANIOY has been the topic of a number of recent analyst reports. Citigroup restated a "buy" rating on shares of Acerinox in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Acerinox in a research report on Friday, September 4th. Jefferies Financial Group raised shares of Acerinox to a "strong-buy" rating in a research note on Monday, July 13th. Finally, BNP Paribas Exane cut shares of Acerinox from a "neutral" rating to an "underperform" rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Acerinox currently has a consensus rating of "Moderate Buy".

Acerinox Company Profile

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.

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