Iochpe-Maxion (OTCMKTS:IOCJY) Announces Earnings Results, Misses Estimates By $0.02 EPS

Iochpe-Maxion (OTCMKTS:IOCJY) posted its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Zacks reports. Iochpe-Maxion had a return on equity of 4.09% and a net margin of 1.28%.The business had revenue of $683.72 million for the quarter, compared to the consensus estimate of $671.68 million.

Iochpe-Maxion Stock Performance

OTCMKTS IOCJY remained flat at $0.60 during midday trading on Friday. The stock has a market capitalization of $278.08 million, a P/E ratio of 8.61 and a beta of 0.56. The stock has a fifty day simple moving average of $0.60 and a 200 day simple moving average of $0.68. Iochpe-Maxion has a fifty-two week low of $0.50 and a fifty-two week high of $0.95. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.74 and a quick ratio of 1.06.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Iochpe-Maxion to a “hold” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.