JFE (OTCMKTS:JFEEF) Releases Quarterly Earnings Results, Misses Estimates By $0.30 EPS

JFE (OTCMKTS:JFEEF) released its quarterly earnings data on Friday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.30), Zacks reports. JFE had a return on equity of 2.03% and a net margin of 1.15%.The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.73 billion.

JFE Price Performance

JFE stock remained flat at $10.85 during midday trading on Friday. JFE has a 12-month low of $10.14 and a 12-month high of $15.00. The company has a market cap of $2.01 billion, a PE ratio of 20.75 and a beta of 0.23. The firm’s 50 day simple moving average is $12.27 and its 200-day simple moving average is $12.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.71 and a quick ratio of 0.89.

About JFE

JFE Holdings, Inc (OTCMKTS: JFEEF) is a Tokyo?based steel and engineering conglomerate that ranks among the largest industrial groups in Japan. The company operates primarily through two main segments: JFE Steel, which manufactures a broad range of steel products including flat?rolled steel, long steel products and plates, and JFE Engineering, which provides environmental and resource treatment facilities as well as infrastructure systems. Serving key industries such as automotive, construction, shipbuilding and energy, JFE Holdings combines advanced steelmaking expertise with engineering services to support a wide array of global customers.

Formed in September 2002 through the merger of NKK Corporation and Kawasaki Steel Corporation, JFE Holdings built on a legacy of technical innovation spanning more than a century.