JFE (OTCMKTS:JFEEF) Announces Quarterly Earnings Results

JFE (OTCMKTS:JFEEF) issued its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18, Zacks reports. JFE had a return on equity of 2.94% and a net margin of 1.63%.The company had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.51 billion.

JFE Price Performance

Shares of JFE stock traded up $0.60 during mid-day trading on Friday, reaching $14.23. 12,685 shares of the stock were exchanged, compared to its average volume of 400. JFE has a fifty-two week low of $11.25 and a fifty-two week high of $13.63. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 18.72 and a beta of 0.32. The firm has a 50-day simple moving average of $12.80 and a 200 day simple moving average of $12.32. The company has a current ratio of 1.70, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57.

About JFE

JFE Holdings, Inc (OTCMKTS: JFEEF) is a Tokyo‐based steel and engineering conglomerate that ranks among the largest industrial groups in Japan. The company operates primarily through two main segments: JFE Steel, which manufactures a broad range of steel products including flat‐rolled steel, long steel products and plates, and JFE Engineering, which provides environmental and resource treatment facilities as well as infrastructure systems. Serving key industries such as automotive, construction, shipbuilding and energy, JFE Holdings combines advanced steelmaking expertise with engineering services to support a wide array of global customers.

Formed in September 2002 through the merger of NKK Corporation and Kawasaki Steel Corporation, JFE Holdings built on a legacy of technical innovation spanning more than a century.