Salzgitter (OTCMKTS:SZGPY) Releases Earnings Results, Misses Estimates By $0.04 EPS

Salzgitter (OTCMKTS:SZGPY - Get Free Report) issued its quarterly earnings results on Friday. The basic materials company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.04), Zacks reports. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.33 billion. Salzgitter had a negative net margin of 1.92% and a negative return on equity of 4.08%.

Salzgitter Trading Down 0.0 %

OTCMKTS SZGPY traded down $0.00 during trading hours on Tuesday, hitting $2.69. 7,059 shares of the company's stock were exchanged, compared to its average volume of 5,275. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -6.90 and a beta of 1.57. Salzgitter has a 1-year low of $1.40 and a 1-year high of $3.01. The stock has a 50-day simple moving average of $2.07 and a 200 day simple moving average of $1.82.

Analysts Set New Price Targets

Separately, DZ Bank raised shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

About Salzgitter

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.