JFE (OTCMKTS:JFEEF) Issues Quarterly Earnings Results

JFE (OTCMKTS:JFEEF) released its earnings results on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18, Zacks reports. JFE had a net margin of 1.15% and a return on equity of 2.02%. The business had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.51 billion.

JFE Price Performance

JFEEF stock opened at $14.23 on Friday. JFE has a one year low of $11.25 and a one year high of $13.63. The firm’s 50 day moving average price is $12.84 and its 200-day moving average price is $12.34. The firm has a market cap of $9.05 billion, a PE ratio of 27.37 and a beta of 0.32. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.70.

JFE Company Profile

JFE Holdings, Inc (OTCMKTS: JFEEF) is a Tokyo‐based steel and engineering conglomerate that ranks among the largest industrial groups in Japan. The company operates primarily through two main segments: JFE Steel, which manufactures a broad range of steel products including flat‐rolled steel, long steel products and plates, and JFE Engineering, which provides environmental and resource treatment facilities as well as infrastructure systems. Serving key industries such as automotive, construction, shipbuilding and energy, JFE Holdings combines advanced steelmaking expertise with engineering services to support a wide array of global customers.

Formed in September 2002 through the merger of NKK Corporation and Kawasaki Steel Corporation, JFE Holdings built on a legacy of technical innovation spanning more than a century.