JFE (OTCMKTS:JFEEF) Announces Quarterly Earnings Results

JFE (OTCMKTS:JFEEF) issued its earnings results on Wednesday. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10, Zacks reports. JFE had a net margin of 1.54% and a return on equity of 2.68%. The company had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.19 billion.

JFE Stock Performance

JFEEF remained flat at $12.20 during trading on Thursday. The firm’s fifty day simple moving average is $10.35 and its 200-day simple moving average is $11.78. The company has a quick ratio of 0.89, a current ratio of 1.71 and a debt-to-equity ratio of 0.58. JFE has a 52 week low of $9.45 and a 52 week high of $15.00. The company has a market capitalization of $2.26 billion, a P/E ratio of 17.60 and a beta of 0.26.

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.