Iochpe-Maxion (IOCJY) Expected to Post Earnings on Thursday

Key Points

• Iochpe-Maxion is expected to report quarterly earnings on November 5, with analysts forecasting $0.03 in EPS and $809.82 million in revenue.
• In the previous quarter, the company posted $0.04 EPS, beating estimates of $0.02, while revenue of $778.82 million fell short of expectations.
• Analyst sentiment is cautious: Bradesco Corretora downgraded the stock to “neutral,” and the two analysts covering it maintain an average “Hold” rating.

Iochpe-Maxion (OTCMKTS:IOCJY - Get Free Report) will likely be issuing its resultson Thursday, November 5th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $809.82 million for the quarter.

Iochpe-Maxion (OTCMKTS:IOCJY - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Iochpe-Maxion had a return on equity of 2.05% and a net margin of 0.63%. The company had revenue of $778.82 million for the quarter, compared to analyst estimates of $784.78 million. On average, analysts expect Iochpe-Maxion to post $0.08 EPS for the current fiscal year and $0.10 EPS for the next fiscal year.

Iochpe-Maxion Price Performance

Shares of OTCMKTS IOCJY opened at $0.60 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. Iochpe-Maxion has a twelve month low of $0.48 and a twelve month high of $0.73. The stock has a 50 day moving average of $0.63 and a two-hundred day moving average of $0.58. The stock has a market cap of $274.81 million, a P/E ratio of 14.90 and a beta of 0.79.

Analysts Set New Price Targets

Separately, Bradesco Corretora lowered shares of Iochpe-Maxion to a "neutral" rating in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Iochpe-Maxion Company Profile

Iochpe-Maxion SA is a Brazil-based manufacturer of automotive components. Through its Maxion Wheels and Maxion Structural Components businesses, the company supplies products primarily to vehicle manufacturers and commercial-vehicle producers.

Its product portfolio includes steel and aluminum wheels, wheel components, chassis and structural assemblies, and other metal products used in passenger cars, trucks, buses, agricultural machinery, and off-highway vehicles. The company also provides engineering, development, and manufacturing services supporting the integration of these components into vehicle platforms.

Founded in Brazil in 1918, Iochpe-Maxion has expanded into an international supplier with manufacturing and other operations serving customers across the Americas, Europe, Asia, and Africa.

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