POSCO (NYSE:PKX - Get Free Report) released its quarterly earnings data on Thursday. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.17), Zacks reports. POSCO had a net margin of 0.69% and a return on equity of 0.81%. The company had revenue of $12.66 billion during the quarter, compared to analyst estimates of $13.21 billion.
POSCO Stock Performance
PKX traded down $2.69 during trading on Friday, hitting $51.95. The stock had a trading volume of 157,108 shares, compared to its average volume of 146,781. POSCO has a twelve month low of $39.40 and a twelve month high of $74.01. The firm has a market capitalization of $15.77 billion, a P/E ratio of 64.14, a PEG ratio of 0.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.89. The company's 50-day moving average price is $51.75 and its 200 day moving average price is $48.12.
Analyst Ratings Changes
A number of analysts recently weighed in on PKX shares. Morgan Stanley upgraded shares of POSCO from an "equal weight" rating to an "overweight" rating in a research note on Friday, July 4th. Wall Street Zen upgraded POSCO from a "sell" rating to a "hold" rating in a research report on Saturday.
View Our Latest Stock Analysis on PKX
Hedge Funds Weigh In On POSCO
An institutional investor recently raised its position in POSCO stock. AQR Capital Management LLC raised its holdings in POSCO (NYSE:PKX - Free Report) by 8.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,462 shares of the basic materials company's stock after purchasing an additional 495 shares during the period. AQR Capital Management LLC's holdings in POSCO were worth $307,000 at the end of the most recent reporting period.
About POSCO
(
Get Free Report)
POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.
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