Ampco-Pittsburgh (NYSE:AP) Issues Q2 2024 Earnings Guidance

Ampco-Pittsburgh (NYSE:AP) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.050-0.100 for the period. The company issued revenue guidance of $107.0 million-$112.0 million.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Ampco-Pittsburgh in a research report on Friday, July 5th. They issued a buy rating for the company.

Ampco-Pittsburgh Trading Up 63.4 %

Shares of NYSE AP traded up $0.49 during trading hours on Wednesday, hitting $1.25. 36,670,747 shares of the company traded hands, compared to its average volume of 362,053. The company’s 50 day moving average price is $1.29 and its 200 day moving average price is $2.04. Ampco-Pittsburgh has a 12 month low of $0.74 and a 12 month high of $4.00. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.96 and a current ratio of 1.94.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings data on Monday, May 13th. The industrial products company reported ($0.14) earnings per share for the quarter. The firm had revenue of $110.22 million for the quarter. Ampco-Pittsburgh had a negative net margin of 10.13% and a negative return on equity of 47.00%.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.