Salzgitter (SZGPY) Expected to Announce Quarterly Earnings on Monday

Key Points

• Salzgitter is set to announce its quarterly earnings on August 11th, with analysts expecting earnings of $0.04 per share and revenue of $2.33 billion.
• In its last earnings report, the company reported a loss of ($0.07) per share and a revenue of $2.45 billion, alongside a negative net margin of 4.16%.
• Recent analyst ratings saw DZ Bank downgrade Salzgitter from a "strong-buy" to a "hold" rating, reflecting concerns about its performance.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) is expected to post its quarterly earnings results before the market opens on Monday, August 11th. Analysts expect Salzgitter to post earnings of $0.04 per share and revenue of $2.33 billion for the quarter.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The basic materials company reported ($0.07) earnings per share for the quarter. The company had revenue of $2.45 billion during the quarter. Salzgitter had a negative net margin of 4.16% and a negative return on equity of 8.78%. 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

Salzgitter stock traded down $0.13 during trading hours on Monday, hitting $2.40. The company had a trading volume of 235 shares, compared to its average volume of 4,161. The firm has a 50-day moving average of $2.50 and a 200 day moving average of $2.35. The firm has a market cap of $1.30 billion, a PE ratio of -2.96 and a beta of 1.41. Salzgitter has a one year low of $1.40 and a one year high of $3.56.

Salzgitter Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 26th were given a dividend of $0.0117 per share. This represents a dividend yield of 52.0%. The ex-dividend date was Friday, May 23rd. Salzgitter's dividend payout ratio is currently -1.23%.

Analyst Ratings Changes

A number of analysts recently weighed in on SZGPY shares. DZ Bank lowered shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Oddo Bhf lowered shares of Salzgitter to an "underperform" rating in a research 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.

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