Salzgitter (OTCMKTS:SZGPY) Releases Earnings Results, Misses Expectations By $0.15 EPS

Salzgitter (OTCMKTS:SZGPY) announced its earnings results on Tuesday. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15), Zacks reports. Salzgitter had a net margin of 0.49% and a return on equity of 1.00%.

Salzgitter Stock Performance

Shares of Salzgitter stock remained flat at $6.30 during trading on Tuesday. The stock had a trading volume of 184 shares, compared to its average volume of 952. Salzgitter has a 12 month low of $2.25 and a 12 month high of $7.99. The stock has a market cap of $3.41 billion, a P/E ratio of 70.00 and a beta of 1.67. The company has a fifty day simple moving average of $6.13 and a 200-day simple moving average of $5.80.

Analysts Set New Price Targets

Several research firms have issued reports on SZGPY. Citigroup restated a “neutral” rating on shares of Salzgitter in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research report on Wednesday, May 13th. Zacks Research raised Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Jefferies Financial Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Finally, Morgan Stanley raised Salzgitter from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Salzgitter

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.