Brokers Offer Predictions for Acerinox, S.A.’s FY2022 Earnings (OTCMKTS:ANIOY)

Acerinox, S.A. (OTCMKTS:ANIOYGet Rating) – Stock analysts at Jefferies Financial Group increased their FY2022 EPS estimates for Acerinox in a note issued to investors on Wednesday, May 11th. Jefferies Financial Group analyst A. Spence now forecasts that the company will post earnings per share of $1.84 for the year, up from their previous estimate of $1.43. Jefferies Financial Group also issued estimates for Acerinox’s FY2023 earnings at $1.11 EPS.

Several other analysts also recently issued reports on ANIOY. JPMorgan Chase & Co. reduced their price target on shares of Acerinox from €20.25 ($21.32) to €17.00 ($17.89) in a report on Thursday, April 28th. Morgan Stanley reduced their price target on shares of Acerinox from €16.50 ($17.37) to €11.70 ($12.32) and set an “overweight” rating on the stock in a report on Wednesday, March 23rd. Zacks Investment Research downgraded shares of Acerinox from a “strong-buy” rating to a “hold” rating in a report on Monday, April 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Acerinox from €18.00 ($18.95) to €19.00 ($20.00) and gave the company a “buy” rating in a report on Thursday. Finally, Credit Suisse Group raised shares of Acerinox from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Acerinox has an average rating of “Buy” and an average target price of $13.43.

Shares of OTCMKTS ANIOY opened at $5.33 on Monday. Acerinox has a 12-month low of $4.95 and a 12-month high of $7.31. The company has a market capitalization of $2.88 billion, a PE ratio of 4.29 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.99 and a quick ratio of 1.09. The firm’s 50-day moving average is $5.38 and its two-hundred day moving average is $6.01.

Acerinox (OTCMKTS:ANIOYGet Rating) last announced its quarterly earnings results on Monday, February 28th. The company reported $0.42 earnings per share (EPS) for the quarter. Acerinox had a net margin of 8.51% and a return on equity of 28.45%. The company had revenue of $2.22 billion for the quarter.

Acerinox Company Profile (Get Rating)

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and Europe. The company offers flat products, including coil cold rollings, hot rolled and black coils, teardrop steel or coils, and hot and cold rolled sheets, as well as roughing materials, discs, billets, and plates.

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