Salzgitter (OTCMKTS:SZGPY – Get Free Report) is expected to issue its results before the market opens on Monday, November 9th. Analysts expect Salzgitter to post earnings of $0.0385 per share and revenue of $2.36 billion for the quarter.
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last announced its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. On average, analysts expect Salzgitter to post $0.14 EPS for the current fiscal year and $0.68 EPS for the next fiscal year.
Salzgitter Price Performance
Shares of OTCMKTS SZGPY opened at $5.17 on Monday. The business’s 50 day moving average price is $5.83 and its two-hundred day moving average price is $5.82. Salzgitter has a twelve month low of $3.07 and a twelve month high of $7.99. The company has a market cap of $2.80 billion, a PE ratio of 43.08 and a beta of 1.74.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on SZGPY. UBS Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a report on Friday, September 4th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Friday, October 23rd. Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Finally, Zacks Research raised Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on Salzgitter
Salzgitter Company Profile
Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. The company produces and processes a broad range of steel products, including flat steel, plate, sections, sheet piling and other long products, as well as tubes and precision steel products. Its products serve industries such as automotive manufacturing, construction, mechanical engineering, energy and infrastructure.
The group operates through businesses focused on steel production, steel processing, trading and technology.
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