Salzgitter (SZGPY) Projected to Announce Earnings on Monday

Salzgitter (OTCMKTS:SZGPY) will likely be releasing its results before the market opens on Monday, November 9th. Analysts expect Salzgitter to post earnings of $0.0385 per share and revenue of $2.36 billion for the quarter.

Salzgitter (OTCMKTS:SZGPY) last announced its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.15). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. On average, analysts expect Salzgitter to post $0.14 EPS for the current fiscal year and $0.68 EPS for the next fiscal year.

Salzgitter Price Performance

OTCMKTS SZGPY opened at $5.17 on Monday. The stock has a market cap of $2.80 billion, a PE ratio of 43.08 and a beta of 1.74. The business has a 50 day moving average price of $5.83 and a two-hundred day moving average price of $5.82. Salzgitter has a fifty-two week low of $3.07 and a fifty-two week high of $7.99.

Analyst Ratings Changes

Several analysts have commented on SZGPY shares. Zacks Research raised shares of Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Friday, October 23rd. UBS Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research report on Friday, September 4th. Finally, Jefferies Financial Group raised shares of Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Salzgitter has an average rating of “Moderate Buy”.

Salzgitter Company Profile

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. The company produces and processes a broad range of steel products, including flat steel, plate, sections, sheet piling and other long products, as well as tubes and precision steel products. Its products serve industries such as automotive manufacturing, construction, mechanical engineering, energy and infrastructure.

The group operates through businesses focused on steel production, steel processing, trading and technology.