Iochpe-Maxion (OTCMKTS:IOCJY) Issues Earnings Results, Beats Expectations By $0.02 EPS

Iochpe-Maxion (OTCMKTS:IOCJY) announced its quarterly earnings data on Thursday. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02, Zacks reports. Iochpe-Maxion had a return on equity of 1.88% and a net margin of 0.58%.

Iochpe-Maxion Price Performance

IOCJY stock remained flat at $0.54 on Thursday. The company has a 50 day simple moving average of $0.56 and a two-hundred day simple moving average of $0.57. The stock has a market capitalization of $249.49 million, a P/E ratio of 18.04 and a beta of 0.67. The company has a current ratio of 1.75, a quick ratio of 1.14 and a debt-to-equity ratio of 1.19. Iochpe-Maxion has a fifty-two week low of $0.53 and a fifty-two week high of $0.95.

About Iochpe-Maxion

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.