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Noranda Aluminum lowered “underweight” by Morgan Stanley analysis
Edited by : AL CIRCLE
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Noranda Aluminum Holding Corp. was lowered by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Tuesday, Analyst Ratings Network.com reports.
Noranda Aluminum Holding Corp. opened at 3.27 on Tuesday. Noranda Aluminum Holding Corp. has a 1-year low of $3.18 and a 1-year high of $8.14. The stock’s 50-day moving average is currently $3.99. The company has a market cap of $222.0 million and a price-to-earnings ratio of 6.66.
Noranda Aluminum Holding Corp. last announced its earnings results on Wednesday, April 24th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.04. The company had revenue of $338.40 million for the quarter, compared to the consensus estimate of $339.47 million. During the same quarter last year, the company posted $0.18 earnings per share. Noranda Aluminum Holding Corp.’s revenue was down 4.3% compared to the same quarter last year. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.23 EPS for the current fiscal year.
Noranda Aluminum Holding Corp. opened at 3.27 on Tuesday. Noranda Aluminum Holding Corp. has a 1-year low of $3.18 and a 1-year high of $8.14. The stock’s 50-day moving average is currently $3.99. The company has a market cap of $222.0 million and a price-to-earnings ratio of 6.66.
Noranda Aluminum Holding Corp. last announced its earnings results on Wednesday, April 24th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.04. The company had revenue of $338.40 million for the quarter, compared to the consensus estimate of $339.47 million. During the same quarter last year, the company posted $0.18 earnings per share. Noranda Aluminum Holding Corp.’s revenue was down 4.3% compared to the same quarter last year. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.23 EPS for the current fiscal year.
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