SSAB (OTCMKTS:SSAAY) Announces Earnings Results

Key Points

• $0.09 EPS reported for the quarter, with a net margin of 5.10% and a return on equity of 7.29%.
• Shares opened at $4.61, sit at a 52‑week range of $2.80–$4.61, and the company has a market cap of $9.19 billion with a P/E of 18.44.
• Analysts hold a consensus of Moderate Buy (two Buy ratings, one Hold), including a Citigroup Buy and a Deutsche Bank Hold.

SSAB (OTCMKTS:SSAAY - Get Free Report) released its quarterly earnings results on Tuesday. The basic materials company reported $0.09 EPS for the quarter, Zacks reports. SSAB had a net margin of 5.10% and a return on equity of 7.29%.

SSAB Price Performance

Shares of SSAB stock opened at $4.61 on Tuesday. SSAB has a 52-week low of $2.80 and a 52-week high of $4.61. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 18.44 and a beta of 1.36. The company has a fifty day moving average of $4.25 and a 200-day moving average of $3.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 2.48.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup reissued a "buy" rating on shares of SSAB in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SSAB in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, SSAB currently has a consensus rating of "Moderate Buy".

About SSAB

SSAB OTCMKTS: SSAAY is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB's key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.

Founded in 1978 through the merger of Sweden's state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange.

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