Iochpe-Maxion (OTCMKTS:IOCJY) Announces Earnings Results

Iochpe-Maxion (OTCMKTS:IOCJY) issued its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Zacks reports. Iochpe-Maxion had a return on equity of 4.09% and a net margin of 1.28%.The business had revenue of $683.72 million during the quarter, compared to the consensus estimate of $671.68 million.

Iochpe-Maxion Stock Performance

IOCJY stock remained flat at $0.60 during mid-day trading on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.06 and a current ratio of 1.74. Iochpe-Maxion has a 52-week low of $0.50 and a 52-week high of $0.95. The business has a fifty day simple moving average of $0.60 and a 200-day simple moving average of $0.68. The company has a market capitalization of $278.08 million, a PE ratio of 8.61 and a beta of 0.56.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Iochpe-Maxion to a “hold” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Iochpe-Maxion Company Profile

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.