Salzgitter (OTCMKTS:SZGPY) Posts Earnings Results, Misses Expectations 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 analysts’ consensus estimates 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 company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.33 billion.

Salzgitter Trading Down 2.2 %

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

Analyst Upgrades and Downgrades

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

About Salzgitter

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.