Voestalpine (OTCMKTS:VLPNY) Posts Earnings Results

Key Points

• Voestalpine reported a quarterly earnings per share of $0.17 and a revenue of $4.70 billion, with a net margin of 1.02% and a return on equity of 2.18%.
• The company's stock is currently down 2.7%, with a price of $5.70, a market cap of $4.89 billion, and a price-to-earnings ratio of 28.52.
• Voestalpine announced a dividend cut with a payout of $0.0724, resulting in a yield of 130.0% and a dividend payout ratio of 35.00%.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.17 earnings per share for the quarter, Zacks reports. Voestalpine had a net margin of 1.02% and a return on equity of 2.18%. The company had revenue of $4.70 billion during the quarter.

Voestalpine Price Performance

OTCMKTS:VLPNY remained flat at $5.70 during midday trading on Friday. 21 shares of the company traded hands, compared to its average volume of 552. Voestalpine has a one year low of $3.34 and a one year high of $6.01. The company's fifty day simple moving average is $5.41 and its 200 day simple moving average is $4.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.55 and a current ratio of 1.44. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 28.52 and a beta of 1.31.

Voestalpine Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 30th. Investors of record on Monday, July 14th were issued a $0.0724 dividend. This represents a yield of 130.0%. The ex-dividend date was Friday, July 11th. Voestalpine's dividend payout ratio is 35.00%.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a "neutral" rating on shares of Voestalpine in a research note on Wednesday, June 11th.

About Voestalpine

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.