FY2023 EPS Estimates for thyssenkrupp AG (OTCMKTS:TKAMY) Lowered by Analyst | MarketBeat

2022-07-09 13:24:42 By : Mr. Leo Wang

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thyssenkrupp AG (OTCMKTS:TKAMY - Get Rating) - Stock analysts at Jefferies Financial Group dropped their FY2023 earnings estimates for shares of thyssenkrupp in a research report issued on Thursday, July 7th. Jefferies Financial Group analyst A. Spence now anticipates that the company will earn $1.83 per share for the year, down from their previous forecast of $2.11. The consensus estimate for thyssenkrupp's current full-year earnings is $2.38 per share.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut their price objective on thyssenkrupp from €18.00 ($18.75) to €17.00 ($17.71) in a research note on Thursday, March 17th. DZ Bank downgraded thyssenkrupp from a "buy" rating to a "hold" rating and set a €5.80 ($6.04) price target for the company. in a research note on Wednesday. Morgan Stanley dropped their price target on thyssenkrupp from €9.40 ($9.79) to €8.80 ($9.17) and set an "equal weight" rating for the company in a research note on Thursday, June 23rd. Finally, Credit Suisse Group upped their price target on thyssenkrupp from €16.50 ($17.19) to €17.60 ($18.33) and gave the stock an "outperform" rating in a research note on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.30.

Shares of OTCMKTS:TKAMY opened at $5.28 on Friday. The stock has a 50 day moving average of $7.84 and a 200 day moving average of $9.09. The company has a market cap of $3.29 billion, a PE ratio of 3.16 and a beta of 1.96. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. thyssenkrupp has a 12-month low of $4.91 and a 12-month high of $12.70. thyssenkrupp (OTCMKTS:TKAMY - Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $1.02 earnings per share (EPS) for the quarter. The company had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $10.05 billion. thyssenkrupp had a return on equity of 7.74% and a net margin of 2.38%.

thyssenkrupp Company Profile (Get Rating)

thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems, as well as automation solutions for the automotive industry.

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