Outokumpu (OUTKY) to Release Quarterly Earnings on Thursday

Outokumpu (OTCMKTS:OUTKY) is projected to release its results before the market opens on Thursday, February 12th. Analysts expect Outokumpu to post earnings of ($0.13) per share for the quarter.

Outokumpu Price Performance

Shares of OUTKY opened at $2.77 on Thursday. The firm has a fifty day moving average price of $2.55 and a 200-day moving average price of $2.27. The company has a current ratio of 1.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.62 billion, a P/E ratio of -23.04 and a beta of 0.59. Outokumpu has a 12-month low of $1.51 and a 12-month high of $2.77.

Wall Street Analysts Forecast Growth

OUTKY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Outokumpu from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Jefferies Financial Group cut Outokumpu from a “buy” rating to a “hold” rating in a research note on Friday, January 16th. Zacks Research raised Outokumpu from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

About Outokumpu

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.