Steel Partners (NYSE:SPLP) Releases Quarterly Earnings Results

Steel Partners (NYSE:SPLP) announced its quarterly earnings results on Tuesday. The conglomerate reported $3.40 earnings per share (EPS) for the quarter, Zacks reports. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The company had revenue of $497.92 million for the quarter.

Steel Partners Stock Performance

NYSE:SPLP opened at $40.42 on Thursday. The firm has a 50 day simple moving average of $41.26 and a 200-day simple moving average of $41.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The firm has a market cap of $775.46 million, a PE ratio of 4.15 and a beta of 1.37. Steel Partners has a 1-year low of $34.55 and a 1-year high of $48.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Steel Partners in a report on Saturday, March 8th. They issued a “strong-buy” rating on the stock.

Steel Partners Company Profile

Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, Financial Services, and Supply Chain segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications.