Neste OYJ (NTOIY) Expected to Announce Earnings on Wednesday

Neste OYJ (OTCMKTS:NTOIY) is expected to release its resultson Wednesday, April 29th. Analysts expect Neste OYJ to post earnings of $0.2288 per share and revenue of $5.6125 billion for the quarter.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Neste OYJ had a net margin of 0.81% and a return on equity of 2.14%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.59 billion. On average, analysts expect Neste OYJ to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Neste OYJ Price Performance

Shares of NTOIY opened at $15.68 on Monday. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. Neste OYJ has a 12 month low of $4.47 and a 12 month high of $17.31. The stock’s 50 day moving average is $14.64 and its two-hundred day moving average is $12.25. The firm has a market cap of $24.09 billion and a P/E ratio of 142.56.

Analyst Upgrades and Downgrades

Several brokerages have commented on NTOIY. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Finally, Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Neste OYJ presently has an average rating of “Buy”.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.