Aperam (APEMY) to Announce Quarterly Earnings on Thursday

Aperam (OTCMKTS:APEMY) will likely be issuing its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.6630 per share and revenue of $2.1049 billion for the quarter.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Aperam had a net margin of 0.49% and a return on equity of 0.94%. On average, analysts expect Aperam to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Aperam Price Performance

Shares of Aperam stock opened at $54.06 on Thursday. The business has a 50-day moving average of $55.53 and a 200-day moving average of $49.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82. The company has a market capitalization of $3.96 billion, a PE ratio of 117.52 and a beta of 1.36. Aperam has a 1-year low of $29.17 and a 1-year high of $61.65.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APEMY. Zacks Research upgraded Aperam from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Jefferies Financial Group upgraded Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Citigroup restated a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. Finally, BNP Paribas Exane cut Aperam from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.