JFE (OTCMKTS:JFEEF) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

JFE (OTCMKTS:JFEEF) posted its quarterly earnings results on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10, Zacks reports. JFE had a return on equity of 2.68% and a net margin of 1.54%.

JFE Price Performance

Shares of OTCMKTS JFEEF remained flat at $12.20 during mid-day trading on Wednesday. 817 shares of the stock traded hands, compared to its average volume of 394. JFE has a one year low of $9.45 and a one year high of $15.00. The company has a 50 day simple moving average of $10.32 and a two-hundred day simple moving average of $11.78. The company has a current ratio of 1.71, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.26 billion, a PE ratio of 17.60 and a beta of 0.26.

About JFE

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.