Salzgitter (OTCMKTS:SZGPY) Issues Quarterly Earnings Results

Salzgitter (OTCMKTS:SZGPY) released its earnings results on Thursday. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.23, Zacks reports. Salzgitter had a return on equity of 1.29% and a net margin of 0.65%.

Salzgitter Stock Performance

Salzgitter stock remained flat at $5.68 during trading hours on Thursday. The company’s stock had a trading volume of 228 shares, compared to its average volume of 1,663. Salzgitter has a 52-week low of $3.07 and a 52-week high of $7.99. The firm has a 50 day moving average price of $5.72 and a 200-day moving average price of $5.81. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 47.33 and a beta of 1.74.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SZGPY. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Friday, October 23rd. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Zacks Research raised shares of Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Salzgitter in a research note on Friday, September 4th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Salzgitter

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter. Its businesses include steel production, steel trading, tube manufacturing and technology, serving customers in industries such as automotive, construction, energy and manufacturing. The company produces a range of steel products, including flat and plate steel, and supplies tubes and pipes for industrial applications. Through its technology business, including KHS, Salzgitter also develops filling and packaging systems for the beverage and liquid-food industries.