Salzgitter (OTCMKTS:SZGPY) Releases Earnings Results, Misses Expectations By $0.15 EPS

Salzgitter (OTCMKTS:SZGPY) released its quarterly earnings results on Tuesday. The basic materials company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.15), Zacks reports. Salzgitter had a return on equity of 1.00% and a net margin of 0.49%.

Salzgitter Stock Performance

SZGPY stock opened at $6.30 on Tuesday. The firm has a market cap of $3.41 billion, a PE ratio of 70.00 and a beta of 1.67. Salzgitter has a one year low of $2.25 and a one year high of $7.99. The firm’s 50 day moving average price is $6.13 and its 200-day moving average price is $5.80.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SZGPY shares. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a research note on Wednesday, May 13th. Zacks Research upgraded Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Morgan Stanley raised Salzgitter from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Finally, Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Salzgitter has a consensus rating of “Moderate Buy”.

Salzgitter Company Profile

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.