Acerinox (ANIOY) to Post Quarterly Earnings on Thursday

Acerinox (OTCMKTS:ANIOY) will likely be posting its results before the market opens on Thursday, July 23rd. Analysts expect the company to post earnings of $0.15 per share and revenue of $1.77 billion for the quarter.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.58). The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. On average, analysts expect Acerinox to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Acerinox Stock Up 0.9%

ANIOY stock opened at $9.44 on Thursday. Acerinox has a 52 week low of $5.87 and a 52 week high of $9.85. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63. The firm has a 50-day simple moving average of $9.04 and a 200-day simple moving average of $8.02. The stock has a market capitalization of $4.71 billion, a P/E ratio of -94.39 and a beta of 1.13.

Analyst Ratings Changes

Several research firms have commented on ANIOY. BNP Paribas Exane lowered Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Acerinox in a research report on Monday. Jefferies Financial Group upgraded shares of Acerinox to a “strong-buy” rating in a research report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Acerinox currently has a consensus rating of “Moderate Buy”.

About Acerinox

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.