Salzgitter (SZGPY) to Release Earnings on Thursday

Salzgitter (OTCMKTS:SZGPY) is projected to announce its results before the market opens on Thursday, March 19th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Salzgitter Price Performance

OTCMKTS:SZGPY opened at $5.80 on Thursday. The firm’s 50-day moving average price is $5.80 and its 200-day moving average price is $4.30. The company has a market capitalization of $3.13 billion, a PE ratio of -14.49 and a beta of 1.36. Salzgitter has a 1-year low of $2.09 and a 1-year high of $6.86.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Oddo Bhf raised Salzgitter from an “underperform” rating to an “outperform” rating in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a report on Thursday, February 5th. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th. Citigroup reissued a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. Finally, UBS Group lowered shares of Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Salzgitter presently has an average rating of “Hold”.

Salzgitter Company Profile

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.