Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) has earned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company.
Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a report on Wednesday, May 13th. UBS Group cut Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Citigroup reissued a “neutral” rating on shares of Salzgitter in a report on Wednesday.
Read Our Latest Analysis on SZGPY
Salzgitter Price Performance
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last issued its earnings results on Tuesday, May 12th. The basic materials company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.53 billion. Salzgitter had a return on equity of 1.02% and a net margin of 0.49%. As a group, research analysts forecast that Salzgitter will post 0.2 EPS for the current fiscal year.
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.
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