Continental (CTTAY) Expected to Announce Earnings on Tuesday

Continental (OTCMKTS:CTTAY) will likely be issuing its results before the market opens on Tuesday, March 3rd. Analysts expect the company to announce earnings of $0.25 per share and revenue of $4.9492 billion for the quarter.

Continental Stock Performance

Shares of OTCMKTS:CTTAY opened at $8.72 on Friday. The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 54.51 and a beta of 1.29. Continental has a fifty-two week low of $6.21 and a fifty-two week high of $9.19. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.32 and a quick ratio of 0.90. The firm’s 50 day simple moving average is $8.21 and its 200 day simple moving average is $7.90.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CTTAY shares. Zacks Research lowered shares of Continental from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 2nd. Sanford C. Bernstein upgraded Continental from an “underperform” rating to a “market perform” rating in a report on Monday, January 5th. Citigroup reissued a “buy” rating on shares of Continental in a research note on Tuesday, February 3rd. Berenberg Bank lowered Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group upgraded shares of Continental from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Continental Company Profile

Continental AG, trading on the OTC market under the ticker CTTAY, is a global technology company renowned for its wide range of automotive and industrial products. The company’s core businesses include the design, development, and manufacturing of tires for passenger cars, commercial trucks, and specialty applications, as well as advanced automotive systems such as braking solutions, vehicle stability controls, sensors and electronic safety devices.

Founded in 1871 and headquartered in Hanover, Germany, Continental began as a rubber manufacturer before pioneering pneumatic tires in the late 19th century.