Acerinox (ANIOY) Projected to Post Earnings on Wednesday

Acerinox (OTCMKTS:ANIOY) will likely be posting its quarterly earnings results on Wednesday, July 23rd. Analysts expect Acerinox to post earnings of $0.14 per share and revenue of $1.61 billion for the quarter.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.11). Acerinox had a return on equity of 7.07% and a net margin of 3.34%. On average, analysts expect Acerinox to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Acerinox Price Performance

ANIOY stock opened at $6.46 on Wednesday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 17.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.16 and a quick ratio of 1.06. Acerinox has a 1-year low of $4.45 and a 1-year high of $6.50. The business has a fifty day moving average price of $5.95 and a 200-day moving average price of $5.61.

Acerinox Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 4th. Investors of record on Friday, July 18th will be given a dividend of $0.1085 per share. This represents a yield of 3.21%. The ex-dividend date of this dividend is Thursday, July 17th. This is a boost from Acerinox’s previous dividend of $0.10. Acerinox’s dividend payout ratio is 52.63%.

Analyst Ratings Changes

Separately, BNP Paribas lowered Acerinox to a “neutral” rating in a report on Monday, April 7th.

About Acerinox

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.