Acerinox Sa to Post FY2017 Earnings of $0.47 Per Share, Jefferies Group Forecasts (ANIOY)

Acerinox Sa (OTCMKTS:ANIOY) – Equities research analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for Acerinox in a report released on Tuesday. Jefferies Group analyst S. Rosenfeld now expects that the company will post earnings per share of $0.47 for the year, up from their previous forecast of $0.46. Jefferies Group also issued estimates for Acerinox’s FY2018 earnings at $0.58 EPS and FY2019 earnings at $0.72 EPS.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Acerinox from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded shares of Acerinox from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd.

Shares of Acerinox (OTCMKTS ANIOY) opened at $7.21 on Thursday. Acerinox has a 52-week low of $6.17 and a 52-week high of $7.56. The stock has a market cap of $4,030.59, a PE ratio of 20.03 and a beta of 2.68.

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About Acerinox

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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