Salzgitter (SZGPY) to Release 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 projected to announce its earnings results before the market opens on Monday, August 11th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $2.33 billion for the quarter.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) EPS for the quarter. The firm 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 Stock Down 9.2%

Shares of OTCMKTS:SZGPY traded down $0.26 during trading on Friday, reaching $2.57. 338 shares of the company traded hands, compared to its average volume of 3,546. The firm has a market capitalization of $1.39 billion, a PE ratio of -3.17 and a beta of 1.41. Salzgitter has a 52 week low of $1.40 and a 52 week high of $3.56. The company's 50 day moving average is $2.51 and its two-hundred day moving average is $2.37.

Salzgitter Cuts Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on SZGPY shares. DZ Bank cut shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Oddo Bhf downgraded shares of Salzgitter to an "underperform" rating in a research report on Tuesday, April 15th.

About Salzgitter

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.