Iochpe-Maxion (IOCJY) Set to Announce Earnings on Thursday

Iochpe-Maxion (OTCMKTS:IOCJY) is expected to announce its resultson Thursday, November 5th. Analysts expect Iochpe-Maxion to announce earnings of $0.03 per share and revenue of $808.80 million for the quarter.

Iochpe-Maxion (OTCMKTS:IOCJY) last posted its earnings results on Thursday, August 6th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $778.82 million during the quarter, compared to the consensus estimate of $784.78 million. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.05%. On average, analysts expect Iochpe-Maxion to post $0.08 EPS for the current fiscal year and $0.10 EPS for the next fiscal year.

Iochpe-Maxion Price Performance

Shares of IOCJY opened at $0.53 on Tuesday. The firm has a market cap of $242.52 million, a PE ratio of 12.70 and a beta of 0.79. The company has a current ratio of 1.73, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $0.64 and a two-hundred day simple moving average of $0.58. Iochpe-Maxion has a 1-year low of $0.48 and a 1-year high of $0.73.

Analyst Upgrades and Downgrades

Separately, Bradesco Corretora downgraded Iochpe-Maxion to a “neutral” rating in a research note on Tuesday, September 15th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA is a Brazil-based manufacturer of automotive components. Through its Maxion Wheels and Maxion Structural Components businesses, the company supplies products primarily to vehicle manufacturers and commercial-vehicle producers.

Its product portfolio includes steel and aluminum wheels, wheel components, chassis and structural assemblies, and other metal products used in passenger cars, trucks, buses, agricultural machinery, and off-highway vehicles. The company also provides engineering, development, and manufacturing services supporting the integration of these components into vehicle platforms.

Founded in Brazil in 1918, Iochpe-Maxion has expanded into an international supplier with manufacturing and other operations serving customers across the Americas, Europe, Asia, and Africa.