Salzgitter (OTCMKTS:SZGPY) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Salzgitter (OTCMKTS:SZGPY) issued its quarterly earnings results on Friday. The basic materials company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.04), Zacks reports. Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.33 billion.

Salzgitter Trading Down 2.2 %

OTCMKTS SZGPY opened at $2.69 on Friday. Salzgitter has a 12 month low of $1.40 and a 12 month high of $3.01. The stock has a 50-day simple moving average of $2.04 and a 200 day simple moving average of $1.81. The company has a market capitalization of $1.46 billion, a PE ratio of -6.90 and a beta of 1.57.

Analyst Ratings Changes

Separately, DZ Bank raised shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

Salzgitter Company Profile

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.