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

Voestalpine Ag (OTCMKTS:VLPNY) – Equities researchers at Jefferies Group boosted their FY2019 earnings estimates for Voestalpine in a report released on Tuesday. Jefferies Group analyst S. Rosenfeld now expects that the company will earn $1.07 per share for the year, up from their prior forecast of $0.96.

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

Shares of Voestalpine (OTCMKTS VLPNY) remained flat at $$12.28 during trading on Thursday. The company has a market capitalization of $10,830.00, a price-to-earnings ratio of 16.17 and a beta of 1.35. Voestalpine has a 52 week low of $7.84 and a 52 week high of $12.32.

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About Voestalpine

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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