FY2019 Earnings Estimate for Voestalpine Ag (VLPNY) Issued By Jefferies Group

Voestalpine Ag (OTCMKTS:VLPNY) – Analysts at Jefferies Group upped their FY2019 earnings per share estimates for Voestalpine in a note issued to investors on Tuesday. Jefferies Group analyst S. Rosenfeld now forecasts that the company will post earnings per share of $1.07 for the year, up from their previous forecast of $0.96.

Separately, Zacks Investment Research downgraded Voestalpine from a “buy” rating to a “hold” rating in a research note on Friday, October 27th.

Shares of Voestalpine (OTCMKTS:VLPNY) remained flat at $$12.28 on Thursday. The firm has a market cap of $10,830.00, a P/E ratio of 16.17 and a beta of 1.35. Voestalpine has a 12 month low of $7.84 and a 12 month high of $12.32.

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Voestalpine Company Profile

voestalpine AG processes, develops, and manufactures steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces and processes hot and cold-rolled steel; electrogalvanized, hot-dip galvanized, and organically coated plates; electrical steel strips; and heavy plates, as well as turbine casings.

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