Acerinox (ANIOY) Projected to Release Earnings on Thursday

Acerinox (OTCMKTS:ANIOY) will likely be issuing its results before the market opens on Thursday, July 23rd. Analysts expect the company to post earnings of $0.1556 per share and revenue of $1.76 billion for the quarter.

Acerinox (OTCMKTS:ANIOY) last posted its earnings results on Friday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.58). The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. 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

Shares of Acerinox stock opened at $9.35 on Tuesday. The business has a 50 day moving average of $9.09 and a 200 day moving average of $8.07. Acerinox has a 52 week low of $5.87 and a 52 week high of $9.85. The company has a market cap of $4.66 billion, a PE ratio of -93.49 and a beta of 1.13. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63.

Analyst Upgrades and Downgrades

ANIOY has been the topic of a number of research analyst reports. BNP Paribas Exane downgraded shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Jefferies Financial Group upgraded shares of Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Citigroup reissued a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Acerinox Company Profile

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.