Salzgitter (SZGPY) to Announce Earnings on Monday

Salzgitter (OTCMKTS:SZGPY) is anticipated to issue its results before the market opens on Monday, August 10th. Analysts expect Salzgitter to announce earnings of $0.06 per share and revenue of $2.4233 billion for the quarter.

Salzgitter (OTCMKTS:SZGPY) last released its earnings results on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.09. Salzgitter had a net margin of 0.49% and a return on equity of 1.00%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.53 billion. On average, analysts expect Salzgitter to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Salzgitter Stock Performance

SZGPY stock opened at $6.30 on Friday. The stock has a market cap of $3.41 billion, a PE ratio of 70.00 and a beta of 1.68. Salzgitter has a 12 month low of $2.25 and a 12 month high of $7.99. The company has a 50-day moving average price of $6.14 and a 200 day moving average price of $5.80.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley upgraded Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a report on Wednesday, May 13th. Jefferies Financial Group raised Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Wednesday, May 20th. Finally, Zacks Research raised Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Salzgitter Company Profile

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.