Jefferies Financial Group Weighs in on SSAB SVENSKT ST/ADR’s FY2020 Earnings (SSAAY)

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) – Equities research analysts at Jefferies Financial Group cut their FY2020 EPS estimates for shares of SSAB SVENSKT ST/ADR in a report released on Tuesday, January 22nd. Jefferies Financial Group analyst S. Rosenfeld now forecasts that the basic materials company will post earnings of $0.22 per share for the year, down from their previous estimate of $0.24.

Several other research firms have also recently commented on SSAAY. Zacks Investment Research upgraded shares of SSAB SVENSKT ST/ADR from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a report on Wednesday, October 17th. ValuEngine cut shares of SSAB SVENSKT ST/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

SSAAY stock opened at $1.64 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.38 billion, a P/E ratio of 12.62 and a beta of 1.29. SSAB SVENSKT ST/ADR has a 52 week low of $1.64 and a 52 week high of $3.10.

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) last posted its quarterly earnings results on Friday, October 26th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.06 billion. SSAB SVENSKT ST/ADR had a return on equity of 5.61% and a net margin of 4.33%.

SSAB SVENSKT ST/ADR Company Profile

SSAB AB (publ) produces and sells steel products in Sweden. It operates in five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The company offers wear steels for payload and service life; structural steel; prehardened tool steel; and protection plates, as well as quenched and tempered steels, and hot-rolled advanced high-strength steel products.

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