Salzgitter (OTCMKTS:SZGPY) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Salzgitter (OTCMKTS:SZGPY) announced its quarterly earnings data on Thursday. The basic materials company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.23, Zacks reports. Salzgitter had a return on equity of 1.29% and a net margin of 0.65%.

Salzgitter Stock Performance

SZGPY remained flat at $5.68 on Thursday. The company had a trading volume of 228 shares, compared to its average volume of 1,663. Salzgitter has a 1 year low of $3.07 and a 1 year high of $7.99. The stock has a market capitalization of $3.07 billion, a P/E ratio of 47.33 and a beta of 1.74. The business has a fifty day moving average price of $5.72 and a 200-day moving average price of $5.81.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Deutsche Bank restated a “buy” rating on shares of Salzgitter in a research report on Friday, September 4th. Zacks Research upgraded Salzgitter to a “hold” rating in a report on Thursday, July 16th. Finally, Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research report on Friday, October 23rd. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Salzgitter Company Profile

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter. Its businesses include steel production, steel trading, tube manufacturing and technology, serving customers in industries such as automotive, construction, energy and manufacturing. The company produces a range of steel products, including flat and plate steel, and supplies tubes and pipes for industrial applications. Through its technology business, including KHS, Salzgitter also develops filling and packaging systems for the beverage and liquid-food industries.