Salzgitter (OTCMKTS:SZGPY) Announces Quarterly Earnings Results

Salzgitter (OTCMKTS:SZGPY) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15), Zacks reports. Salzgitter had a return on equity of 1.00% and a net margin of 0.49%.

Salzgitter Stock Performance

OTCMKTS SZGPY opened at $6.30 on Tuesday. Salzgitter has a one year low of $2.25 and a one year high of $7.99. The firm has a market cap of $3.41 billion, a PE ratio of 70.00 and a beta of 1.67. The firm’s fifty day moving average is $6.13 and its two-hundred day moving average is $5.80.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SZGPY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a report on Wednesday, May 13th. Zacks Research upgraded shares of Salzgitter to a “hold” rating in a report on Thursday, July 16th. Jefferies Financial Group raised shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Morgan Stanley upgraded shares of Salzgitter from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Salzgitter presently 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.