Salzgitter (SZGPY) Expected to Announce Earnings on Monday

Salzgitter (OTCMKTS:SZGPY) will likely be releasing its results before the market opens on Monday, August 10th. Analysts expect Salzgitter to announce earnings of $0.06 per share and revenue of $2.4233 billion for the quarter.

Salzgitter (OTCMKTS:SZGPY) last released its earnings results on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.09. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.53 billion. Salzgitter had a return on equity of 1.00% and a net margin of 0.49%. On average, analysts expect Salzgitter to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Salzgitter Price Performance

Shares of SZGPY stock opened at $6.30 on Thursday. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 70.00 and a beta of 1.68. The business has a fifty day moving average of $6.16 and a 200 day moving average of $5.79. Salzgitter has a 1 year low of $2.25 and a 1 year high of $7.99.

Wall Street Analyst Weigh In

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

About Salzgitter

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.