The analysts wrote, “Ampco-Pittsburgh Corporation (AP) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
Ampco-Pittsburgh (NYSE: AP) opened at 18.91 on Monday. Ampco-Pittsburgh has a 1-year low of $15.20 and a 1-year high of $21.02. The stock’s 50-day moving average is currently $18.99. The company has a market cap of $195.6 million and a price-to-earnings ratio of 23.64. Ampco-Pittsburgh (NYSE: AP) last issued its quarterly earnings data on Monday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $77.15 million for the quarter, compared to the consensus estimate of $86.51 million.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, April 11th.
Ampco-Pittsburgh Corporation operates in two segments: Forged and Cast Rolls, and Air and Liquid Processing.
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