Iochpe-Maxion (OTCMKTS:IOCJY) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Iochpe-Maxion (OTCMKTS:IOCJY) posted its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05), Zacks reports. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.05%.

Iochpe-Maxion Price Performance

IOCJY stock remained flat at $0.53 during trading on Thursday. The company has a market cap of $242.52 million, a P/E ratio of 13.15 and a beta of 0.88. Iochpe-Maxion has a 52-week low of $0.48 and a 52-week high of $0.73. The company has a 50 day moving average price of $0.64 and a 200 day moving average price of $0.58. The company has a quick ratio of 1.11, a current ratio of 1.73 and a debt-to-equity ratio of 1.15.

Analysts Set New Price Targets

Separately, Bradesco Corretora cut Iochpe-Maxion to a “neutral” rating in a research report on Tuesday, September 15th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Iochpe-Maxion

Iochpe-Maxion SA is a Brazil-based manufacturer of automotive components. Through its Maxion Wheels and Maxion Structural Components businesses, the company supplies products primarily to vehicle manufacturers and commercial-vehicle producers.

Its product portfolio includes steel and aluminum wheels, wheel components, chassis and structural assemblies, and other metal products used in passenger cars, trucks, buses, agricultural machinery, and off-highway vehicles. The company also provides engineering, development, and manufacturing services supporting the integration of these components into vehicle platforms.

Founded in Brazil in 1918, Iochpe-Maxion has expanded into an international supplier with manufacturing and other operations serving customers across the Americas, Europe, Asia, and Africa.