Ampco-Pittsburgh (AP) Set to Announce Earnings on Thursday

Ampco-Pittsburgh (NYSE:AP) is scheduled to release its earnings data before the market opens on Thursday, November 8th. Analysts expect Ampco-Pittsburgh to post earnings of ($0.55) per share for the quarter.

Ampco-Pittsburgh (NYSE:AP) last released its earnings results on Friday, August 10th. The industrial products company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.33). The company had revenue of $127.43 million during the quarter, compared to the consensus estimate of $116.00 million. Ampco-Pittsburgh had a negative return on equity of 3.67% and a negative net margin of 1.62%. On average, analysts expect Ampco-Pittsburgh to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AP opened at $3.71 on Thursday. The stock has a market capitalization of $50.59 million, a PE ratio of -4.36 and a beta of 1.71. Ampco-Pittsburgh has a 1-year low of $3.55 and a 1-year high of $18.00. The company has a quick ratio of 0.86, a current ratio of 1.52 and a debt-to-equity ratio of 0.26.

Several research analysts have recently commented on the stock. ValuEngine raised shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research lowered shares of Ampco-Pittsburgh from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 15th. Finally, Janney Montgomery Scott lowered shares of Ampco-Pittsburgh from a “buy” rating to a “neutral” rating in a report on Monday, August 13th.

In other Ampco-Pittsburgh news, Director Carl H. Pforzheimer II purchased 6,869 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was acquired at an average cost of $7.41 per share, with a total value of $50,899.29. Following the acquisition, the director now owns 30,000 shares of the company’s stock, valued at approximately $222,300. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 29.60% of the company’s stock.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in cold rolling by producers of steel, aluminum, and other metals; ingot and open-die forged products for use in the oil and gas, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, hot strip finishing, roughing mills, and plate mills in various iron and steel qualities.

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Earnings History for Ampco-Pittsburgh (NYSE:AP)

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