FY2022 EPS Estimates for Outokumpu Oyj Lifted by Analyst (OTCMKTS:OUTKY)

Outokumpu Oyj (OTCMKTS:OUTKY) – Research analysts at Jefferies Financial Group increased their FY2022 earnings per share (EPS) estimates for Outokumpu Oyj in a note issued to investors on Monday, October 11th. Jefferies Financial Group analyst A. Spence now anticipates that the company will post earnings of $0.51 per share for the year, up from their previous forecast of $0.37. Jefferies Financial Group currently has a “Hold” rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Outokumpu Oyj from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research note on Wednesday. JPMorgan Chase & Co. restated an “overweight” rating on shares of Outokumpu Oyj in a report on Friday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Outokumpu Oyj from a “hold” rating to a “buy” rating in a research note on Wednesday, September 15th. Oddo Bhf upgraded shares of Outokumpu Oyj from a “neutral” rating to an “outperform” rating in a research report on Monday, July 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Outokumpu Oyj in a research report on Friday, August 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $3.25.

Outokumpu Oyj stock opened at $2.84 on Wednesday. The company has a 50 day moving average price of $3.25 and a 200 day moving average price of $3.12. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -35.50 and a beta of 0.97. Outokumpu Oyj has a 52 week low of $1.26 and a 52 week high of $3.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 1.18.

Outokumpu Oyj Company Profile

Outokumpu Oyj engages in the manufacture of stainless steel. It operates through the following segments: Europe, Americas, Long Products, and Other Operations. The Europe segment consists of coil and plate business as well as ferrochrome production. The America segment involves in producing of standard austenitic and ferritic grades as well as tailored products.

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Earnings History and Estimates for Outokumpu Oyj (OTCMKTS:OUTKY)

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