Iochpe-Maxion (IOCJY) Projected to Post Earnings on Wednesday

Iochpe-Maxion (OTCMKTS:IOCJY) is projected to announce its earnings results on Wednesday, May 14th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $3.92 billion for the quarter.

Iochpe-Maxion Price Performance

Shares of IOCJY stock opened at $0.50 on Friday. The stock’s fifty day simple moving average is $0.53 and its 200 day simple moving average is $0.53. Iochpe-Maxion has a one year low of $0.46 and a one year high of $1.20. The firm has a market cap of $230.58 million, a price-to-earnings ratio of 6.25 and a beta of 1.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.56 and a quick ratio of 1.05.

Iochpe-Maxion Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 10th were given a dividend of $0.0089 per share. The ex-dividend date was Monday, March 10th. Iochpe-Maxion’s dividend payout ratio (DPR) is currently 18.18%.

About Iochpe-Maxion

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.