Iochpe-Maxion (OTCMKTS:IOCJY) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Iochpe-Maxion (OTCMKTS:IOCJY) announced its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02), Zacks reports. Iochpe-Maxion had a return on equity of 5.67% and a net margin of 1.74%.The business had revenue of $717.14 million for the quarter, compared to analysts’ expectations of $718.39 million.

Iochpe-Maxion Stock Performance

Shares of OTCMKTS:IOCJY remained flat at $0.58 during mid-day trading on Friday. The company has a market cap of $267.71 million, a PE ratio of 5.81 and a beta of 0.93. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.04 and a current ratio of 1.68. Iochpe-Maxion has a 1 year low of $0.50 and a 1 year high of $0.95. The company’s 50 day moving average price is $0.73 and its 200 day moving average price is $0.67.

Iochpe-Maxion Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, May 7th. Stockholders of record on Monday, October 13th will be paid a $0.0125 dividend. The ex-dividend date is Friday, October 10th. This represents a dividend yield of 208.0%. Iochpe-Maxion’s dividend payout ratio (DPR) is 20.00%.

Iochpe-Maxion Company Profile

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.