Outokumpu Oyj (OTCMKTS:OUTKY) Declares $0.07 Dividend

Outokumpu Oyj (OTCMKTS:OUTKY) announced a dividend on Monday, March 17th, NASDAQ Dividends reports. Investors of record on Monday, April 7th will be given a dividend of 0.071 per share on Tuesday, April 29th. The ex-dividend date is Monday, April 7th.

Outokumpu Oyj Stock Performance

Shares of OUTKY remained flat at $1.93 on Tuesday. The company has a market capitalization of $1.76 billion, a P/E ratio of -38.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.53 and a current ratio of 1.54. The stock’s 50 day simple moving average is $1.61 and its 200-day simple moving average is $1.68. Outokumpu Oyj has a 52 week low of $1.37 and a 52 week high of $2.35.

Outokumpu Oyj (OTCMKTS:OUTKY) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.37 billion. Outokumpu Oyj had a negative return on equity of 1.06% and a negative net margin of 0.66%. As a group, sell-side analysts predict that Outokumpu Oyj will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BNP Paribas downgraded Outokumpu Oyj from a “hold” rating to a “strong sell” rating in a research report on Friday, January 3rd.

Outokumpu Oyj Company Profile

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.