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

Iochpe-Maxion (OTCMKTS:IOCJY) released its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02), Zacks reports. Iochpe-Maxion had a return on equity of 5.67% and a net margin of 1.74%.The firm had revenue of $717.14 million during the quarter, compared to the consensus estimate of $718.39 million.

Iochpe-Maxion Price Performance

Shares of IOCJY opened at $0.58 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.04 and a debt-to-equity ratio of 1.10. Iochpe-Maxion has a 12-month low of $0.50 and a 12-month high of $0.95. The firm has a market capitalization of $267.71 million, a P/E ratio of 5.81 and a beta of 0.69. The firm has a fifty day moving average price of $0.73 and a 200-day moving average price of $0.67.

Iochpe-Maxion Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, May 7th. Stockholders of record on Monday, October 13th will be paid a dividend of $0.0125 per share. This represents a dividend yield of 208.0%. The ex-dividend date of this dividend is Friday, October 10th. Iochpe-Maxion’s payout ratio is currently 28.57%.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.