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

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

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

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

AP has been the subject of several analyst reports. Janney Montgomery Scott cut shares of Ampco-Pittsburgh from a “buy” rating to a “neutral” rating in a report on Monday, August 13th. ValuEngine raised shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research cut shares of Ampco-Pittsburgh from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 15th.

About Ampco-Pittsburgh

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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