JFE (OTCMKTS:JFEEF) Announces Earnings Results

JFE (OTCMKTS:JFEEF) announced its quarterly earnings results on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18, Zacks reports. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.51 billion. JFE had a net margin of 1.63% and a return on equity of 2.94%.

JFE Price Performance

Shares of JFE stock traded up $0.60 during trading on Friday, hitting $14.23. 12,685 shares of the company’s stock traded hands, compared to its average volume of 400. The company has a market cap of $9.05 billion, a PE ratio of 18.72 and a beta of 0.32. The firm’s fifty day moving average price is $12.80 and its 200 day moving average price is $12.32. JFE has a twelve month low of $11.25 and a twelve month high of $13.63. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.70 and a quick ratio of 0.87.

About JFE

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.