FY2018 EPS Estimates for ACERINOX SA/ADR Reduced by Analyst (ANIOY)

ACERINOX SA/ADR (OTCMKTS:ANIOY) – Equities research analysts at Jefferies Financial Group lowered their FY2018 earnings per share estimates for ACERINOX SA/ADR in a report released on Monday, October 29th. Jefferies Financial Group analyst S. Rosenfeld now anticipates that the company will earn $0.55 per share for the year, down from their prior estimate of $0.59. Jefferies Financial Group also issued estimates for ACERINOX SA/ADR’s FY2019 earnings at $0.58 EPS and FY2020 earnings at $0.67 EPS.

ACERINOX SA/ADR (OTCMKTS:ANIOY) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $1.59 billion for the quarter. ACERINOX SA/ADR had a return on equity of 11.44% and a net margin of 4.65%.

ANIOY has been the topic of a number of other reports. Zacks Investment Research lowered ACERINOX SA/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. ValuEngine raised ACERINOX SA/ADR from a “sell” rating to a “hold” rating in a report on Thursday, July 26th.

OTCMKTS:ANIOY opened at $5.63 on Tuesday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 14.28 and a beta of 1.15. ACERINOX SA/ADR has a twelve month low of $5.63 and a twelve month high of $7.73. The company has a current ratio of 1.84, a quick ratio of 1.10 and a debt-to-equity ratio of 0.54.

ACERINOX SA/ADR Company Profile

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products worldwide. The company operates through Flat Stainless Steel Products, Long Stainless Steel Products, and Other segments. Its flat stainless steel products include billets, black coils, circles, cold rolled coils and sheets, engraved coils/sheets, flat bars, hot rolled coils and sheets, plates, and slabs.

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