Salzgitter (SZGPY) to Release Quarterly Earnings on Monday

Salzgitter (OTCMKTS:SZGPY) is expected to be releasing its resultson Monday, May 11th. Analysts expect Salzgitter to post earnings of $0.0781 per share and revenue of $2.5292 billion for the quarter.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings results on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $2.46 billion during the quarter. Salzgitter had a negative return on equity of 1.60% and a negative net margin of 0.78%. On average, analysts expect Salzgitter to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Salzgitter Stock Performance

Shares of OTCMKTS SZGPY remained flat at $5.24 during mid-day trading on Monday. The company had a trading volume of 12 shares, compared to its average volume of 241. Salzgitter has a twelve month low of $2.09 and a twelve month high of $6.86. The stock has a market capitalization of $2.83 billion, a PE ratio of -34.93 and a beta of 1.56. The business has a fifty day moving average price of $5.29 and a 200-day moving average price of $4.83.

Wall Street Analysts Forecast Growth

SZGPY has been the subject of several research analyst reports. Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a research report on Tuesday, January 6th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. Oddo Bhf upgraded Salzgitter from an “underperform” rating to an “outperform” rating in a research note on Monday, January 19th. Finally, UBS Group lowered Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Salzgitter

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.