Salzgitter (OTCMKTS:SZGPY) Announces Earnings Results

Salzgitter (OTCMKTS:SZGPY) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09, Zacks reports. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.53 billion. Salzgitter had a return on equity of 1.02% and a net margin of 0.49%.

Salzgitter Stock Performance

OTCMKTS SZGPY remained flat at $6.52 on Thursday. The company had a trading volume of 1,294 shares, compared to its average volume of 322. The company has a 50 day moving average of $5.17 and a 200 day moving average of $4.94. The company has a market capitalization of $3.53 billion, a PE ratio of 72.44 and a beta of 1.56. Salzgitter has a fifty-two week low of $2.09 and a fifty-two week high of $6.86.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup reissued a “neutral” rating on shares of Salzgitter in a research note on Thursday, January 22nd. Oddo Bhf raised Salzgitter from an “underperform” rating to an “outperform” rating in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a research note on Wednesday. Finally, UBS Group lowered Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Salzgitter presently has a consensus rating of “Hold”.

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.