Voestalpine (VLPNY) Expected to Announce Earnings on Wednesday

Key Points

• Voestalpine is expected to report earnings before markets open Wednesday, November 11; analysts forecast $0.1924 per share and $4.20 billion in revenue.
• In its previous quarter, the company posted $0.26 EPS, slightly below estimates, while revenue of $4.64 billion topped expectations of $4.38 billion.
• Analyst sentiment is moderately positive: four analysts rate the stock Buy and two rate it Hold, with recent upgrades from Zacks Research and UBS.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) is anticipated to release its results before the market opens on Wednesday, November 11th. Analysts expect Voestalpine to announce earnings of $0.1924 per share and revenue of $4.20 billion for the quarter.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.38 billion. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%. On average, analysts expect Voestalpine to post $0.80 EPS for the current fiscal year and $1.12 EPS for the next fiscal year.

Voestalpine Stock Performance

VLPNY opened at $9.48 on Wednesday. The stock has a market cap of $8.13 billion, a P/E ratio of 13.54 and a beta of 1.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.41 and a quick ratio of 0.54. The stock's 50 day simple moving average is $9.95 and its 200 day simple moving average is $10.02. Voestalpine has a 1-year low of $6.62 and a 1-year high of $11.78.

Analyst Upgrades and Downgrades

VLPNY has been the topic of a number of research analyst reports. Zacks Research upgraded Voestalpine from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Voestalpine in a research report on Friday, September 4th. Finally, UBS Group raised Voestalpine from a "hold" rating to a "buy" rating in a research note on Friday, October 9th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

About Voestalpine

voestalpine AG is an Austria-based technology and capital goods group specializing in steel, metal processing and industrial solutions. Headquartered in Linz, Austria, the company serves customers in the automotive, railway, aerospace, energy, mechanical engineering and tooling industries.

The company operates through four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Its products and services include high-quality flat steel, special and tool steels, rail systems, welding technology, sections, tubes, precision components and formed metal parts.

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