JFE (OTCMKTS:JFEEF) Issues Earnings Results, Beats Expectations By $0.10 EPS

JFE (OTCMKTS:JFEEF) released its quarterly earnings data on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10, Zacks reports. The company had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.19 billion. JFE had a net margin of 2.05% and a return on equity of 3.54%.

JFE Stock Performance

Shares of OTCMKTS:JFEEF remained flat at $12.20 during trading on Friday. The firm has a 50-day moving average price of $10.37 and a 200 day moving average price of $11.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 1.71. JFE has a 12 month low of $9.45 and a 12 month high of $15.00. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 13.36 and a beta of 0.26.

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.