Neste OYJ (NTOIY) to Announce Quarterly Earnings on Thursday

Neste OYJ (OTCMKTS:NTOIY) is anticipated to post its resultson Thursday, July 23rd. Analysts expect the company to post earnings of $0.56 per share and revenue of $7.1916 billion for the quarter.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The firm had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.84 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 Trading Down 0.4%

Shares of Neste OYJ stock opened at $18.91 on Wednesday. Neste OYJ has a 12-month low of $7.50 and a 12-month high of $19.05. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The stock has a market cap of $29.05 billion and a PE ratio of 35.01. The company has a 50-day moving average of $16.46 and a two-hundred day moving average of $14.86.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NTOIY shares. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Neste OYJ has a consensus 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.