Salzgitter (SZGPY) to Release Quarterly Earnings on Monday

Salzgitter (OTCMKTS:SZGPY) is anticipated to announce its resultson Monday, May 11th. Analysts expect the company to announce earnings of $0.0781 per share and revenue of $2.5292 billion for the quarter.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings results on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $2.46 billion during the quarter. Salzgitter had a negative net margin of 0.78% and a negative return on equity of 1.60%. On average, analysts expect Salzgitter to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Salzgitter Price Performance

SZGPY stock remained flat at $5.24 during mid-day trading on Monday. The company’s stock had a trading volume of 12 shares, compared to its average volume of 241. The company has a market cap of $2.83 billion, a P/E ratio of -34.93 and a beta of 1.56. The company has a fifty day moving average of $5.29 and a two-hundred day moving average of $4.83. Salzgitter has a 52 week low of $2.09 and a 52 week high of $6.86.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SZGPY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a report on Thursday, February 5th. Citigroup reissued a “neutral” rating on shares of Salzgitter in a report on Thursday, January 22nd. UBS Group lowered Salzgitter from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a report on Tuesday, January 6th. Finally, Oddo Bhf raised Salzgitter from an “underperform” rating to an “outperform” rating in a report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Salzgitter currently has an average rating of “Hold”.

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.