Metso Oyj (OTCMKTS:MXCYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.
According to Zacks, “Metso is a globally-leading supplier of processes, machinery and systems for the pulp and paper industry and a foremost expert in the key technologies of this sector. The Corporation is also a strong supplier in automation and flow control solutions, and one of the world’s leading suppliers of rock and mineral processing systems. The main customer sectors are the pulp and paper industry, construction and civil engineering, mining and the energy industry. “
Separately, Barclays downgraded shares of Metso Oyj from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 5th.
Metso Oyj (OTCMKTS:MXCYY) last posted its earnings results on Thursday, October 19th. The industrial products company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.05). Metso Oyj had a net margin of 4.28% and a return on equity of 8.36%. The business had revenue of $790.60 million for the quarter. sell-side analysts predict that Metso Oyj will post 0.19 EPS for the current year.
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About Metso Oyj
Metso Oyj is a global supplier of technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.
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