Ampco-Pittsburgh (AP) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

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.

In other news, Director Carl H. Pforzheimer II bought 6,869 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was bought at an average price of $7.41 per share, for a total transaction of $50,899.29. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $222,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.90% of the stock is currently owned by insiders.

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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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Earnings History for Ampco-Pittsburgh (NYSE:AP)

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