Iochpe-Maxion (OTCMKTS:IOCJY) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Iochpe-Maxion (OTCMKTS:IOCJY) posted its quarterly earnings results on Thursday. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02, Zacks reports. Iochpe-Maxion had a return on equity of 2.08% and a net margin of 0.63%.The company had revenue of $778.82 million during the quarter, compared to analysts’ expectations of $784.78 million.

Iochpe-Maxion Stock Performance

OTCMKTS:IOCJY opened at $0.54 on Friday. Iochpe-Maxion has a twelve month low of $0.53 and a twelve month high of $0.95. The company has a quick ratio of 1.14, a current ratio of 1.75 and a debt-to-equity ratio of 1.19. The stock’s 50-day simple moving average is $0.56 and its 200 day simple moving average is $0.57. The firm has a market capitalization of $249.49 million, a PE ratio of 13.53 and a beta of 0.67.

About Iochpe-Maxion

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.