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

Iochpe-Maxion (OTCMKTS:IOCJY) announced its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Zacks reports. Iochpe-Maxion had a return on equity of 4.09% and a net margin of 1.28%.The firm had revenue of $683.72 million for the quarter, compared to analysts’ expectations of $671.68 million.

Iochpe-Maxion Stock Performance

Shares of OTCMKTS:IOCJY remained flat at $0.60 during trading on Friday. The company has a quick ratio of 1.06, a current ratio of 1.74 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $0.60 and its 200-day moving average price is $0.68. The company has a market cap of $278.08 million, a PE ratio of 8.61 and a beta of 0.56. Iochpe-Maxion has a 12-month low of $0.50 and a 12-month high of $0.95.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Iochpe-Maxion to a “hold” rating in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.