Iochpe-Maxion (OTCMKTS:IOCJY) Announces Earnings Results, Hits Estimates

Key Points

• Iochpe-Maxion reported quarterly earnings of $0.03 per share, which met analysts' consensus estimates.
• The company's revenue for the quarter was $746.48 million, significantly lower than analyst expectations of $4.26 billion.
• Iochpe-Maxion's stock price remained flat at $0.78, with a market cap of $357.40 million, signaling relatively stable performance despite disappointing revenue figures.

Iochpe-Maxion (OTCMKTS:IOCJY - Get Free Report) released its quarterly earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03, Zacks reports. The business had revenue of $746.48 million for the quarter, compared to analysts' expectations of $4.26 billion. Iochpe-Maxion had a return on equity of 5.64% and a net margin of 1.74%.

Iochpe-Maxion Trading Up 11.3%

Shares of Iochpe-Maxion stock traded up $0.10 during trading hours on Wednesday, reaching $0.95. 5,000 shares of the company's stock were exchanged, compared to its average volume of 9,240. Iochpe-Maxion has a 52-week low of $0.50 and a 52-week high of $0.95. The company has a fifty day moving average of $0.64 and a 200-day moving average of $0.57. The company has a current ratio of 1.61, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $437.18 million, a price-to-earnings ratio of 9.48 and a beta of 1.05.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.