Ampco-Pittsburgh (NYSE:AP) posted its quarterly earnings data on Thursday. The industrial products company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.01), Fidelity Earnings reports. The business had revenue of $112.22 million during the quarter, compared to analyst estimates of $109.00 million. Ampco-Pittsburgh had a negative return on equity of 3.67% and a negative net margin of 1.62%.
Ampco-Pittsburgh stock opened at $4.81 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $55.84 million, a price-to-earnings ratio of -5.66 and a beta of 2.08. Ampco-Pittsburgh has a 52 week low of $3.55 and a 52 week high of $15.65.
A number of equities analysts have commented on the company. Janney Montgomery Scott lowered Ampco-Pittsburgh from a “buy” rating to a “neutral” rating in a research note on Monday, August 13th. ValuEngine raised Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research lowered Ampco-Pittsburgh from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 15th.
Ampco-Pittsburgh Company Profile
Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in cold rolling by producers of steel, aluminum, and other metals; ingot and open-die forged products for use in the oil and gas, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, hot strip finishing, roughing mills, and plate mills in various iron and steel qualities.
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