Salzgitter (SZGPY) to Release Quarterly Earnings on Monday

Salzgitter (OTCMKTS:SZGPY) is anticipated to announce its earnings results before the market opens on Monday, August 11th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $2.33 billion for the quarter.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) EPS for the quarter. The company had revenue of $2.45 billion during the quarter. Salzgitter had a negative return on equity of 8.78% and a negative net margin of 4.16%. On average, analysts expect Salzgitter to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Salzgitter Price Performance

OTCMKTS:SZGPY opened at $2.66 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -3.28 and a beta of 1.41. Salzgitter has a one year low of $1.40 and a one year high of $3.56. The business has a fifty day moving average price of $2.51 and a 200-day moving average price of $2.37.

Salzgitter Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were issued a $0.0117 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 52.0%. Salzgitter’s dividend payout ratio is currently -1.23%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. DZ Bank downgraded shares of Salzgitter from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 17th. Oddo Bhf downgraded shares of Salzgitter to an “underperform” rating in a report on Tuesday, April 15th.

Salzgitter Company Profile

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.