Continental (OTCMKTS:CTTAY) Posts Earnings Results

by · The Cerbat Gem

Continental (OTCMKTS:CTTAY – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.17), Zacks reports. Continental had a net margin of 4.54% and a return on equity of 13.20%. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $4.93 billion.

Continental Trading Down 0.4%

OTCMKTS CTTAY traded down $0.03 on Friday, reaching $7.72. The stock had a trading volume of 22,977 shares, compared to its average volume of 135,740. The stock has a fifty day moving average price of $7.57 and a two-hundred day moving average price of $8.23. Continental has a 12-month low of $5.96 and a 12-month high of $9.19. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $15.44 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 1.34 and a beta of 1.44.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CTTAY. Barclays restated an “overweight” rating on shares of Continental in a research report on Monday, September 8th. Oddo Bhf raised shares of Continental to a “neutral” rating in a report on Monday, September 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Continental from a “hold” rating to a “buy” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Get Our Latest Analysis on Continental

About Continental

(Get Free Report)

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.

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