Iochpe-Maxion (IOCJY) Expected to Announce Quarterly Earnings on Thursday

Key Points

• Iochpe-Maxion is expected to report quarterly results on Thursday, May 14, with analysts forecasting $0.01 EPS and $755.06 million in revenue.
• In the prior quarter the company posted a ($0.01) loss per share, missing estimates by $0.02 while revenue of $683.72 million beat expectations; on average analysts now expect roughly $0 EPS for the current and next fiscal year.
• The stock opened at $0.53 with a $244 million market cap, a P/E of 17.64, 50/200-day moving averages of $0.56/$0.58 and a 1‑year range of $0.50–$0.95; Iochpe‑Maxion is a global supplier of automotive wheels and structural components to major OEMs.

Iochpe-Maxion (OTCMKTS:IOCJY - Get Free Report) is anticipated to issue its resultson Thursday, May 14th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $755.0620 million for the quarter.

Iochpe-Maxion (OTCMKTS:IOCJY - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.04%. The company had revenue of $683.72 million during the quarter, compared to analyst estimates of $671.68 million. On average, analysts expect Iochpe-Maxion to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Iochpe-Maxion Price Performance

Iochpe-Maxion stock opened at $0.53 on Thursday. The company's fifty day moving average price is $0.56 and its 200 day moving average price is $0.58. Iochpe-Maxion has a 1 year low of $0.50 and a 1 year high of $0.95. The stock has a market capitalization of $244.00 million, a P/E ratio of 17.64 and a beta of 0.65. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.07 and a current ratio of 1.78.

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.

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