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

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

JFE Stock Performance

Shares of OTCMKTS JFEEF opened at $10.85 on Friday. The firm’s 50 day moving average price is $12.27 and its 200-day moving average price is $12.60. The company has a market cap of $2.01 billion, a PE ratio of 15.66 and a beta of 0.23. JFE has a 52-week low of $10.14 and a 52-week high of $15.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 1.71.

JFE Company Profile

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.