Iochpe-Maxion (OTCMKTS:IOCJY) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Iochpe-Maxion (OTCMKTS:IOCJY) released its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02), Zacks reports. The firm had revenue of $717.14 million for the quarter, compared to analyst estimates of $718.39 million. Iochpe-Maxion had a net margin of 1.74% and a return on equity of 5.67%.

Iochpe-Maxion Price Performance

Shares of IOCJY remained flat at $0.58 during mid-day trading on Friday. Iochpe-Maxion has a one year low of $0.50 and a one year high of $0.95. The company has a quick ratio of 1.04, a current ratio of 1.68 and a debt-to-equity ratio of 1.10. The firm has a market cap of $267.71 million, a P/E ratio of 5.81 and a beta of 0.93. The business has a 50-day moving average of $0.74 and a two-hundred day moving average of $0.67.

Iochpe-Maxion Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 7th. Shareholders of record on Monday, October 13th will be issued a $0.0125 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a yield of 208.0%. Iochpe-Maxion’s dividend payout ratio (DPR) is 20.00%.

About Iochpe-Maxion

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.