Iochpe-Maxion (OTCMKTS:IOCJY) Issues Earnings Results

Iochpe-Maxion (OTCMKTS:IOCJY) released its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05), Zacks reports. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.05%.

Iochpe-Maxion Stock Performance

Shares of OTCMKTS IOCJY remained flat at $0.53 during trading on Thursday. Iochpe-Maxion has a twelve month low of $0.48 and a twelve month high of $0.73. The company has a quick ratio of 1.11, a current ratio of 1.73 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $0.64 and its 200 day moving average price is $0.58. The stock has a market capitalization of $242.52 million, a P/E ratio of 13.15 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Separately, Bradesco Corretora lowered shares of 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 data from MarketBeat, 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.