FY2018 EPS Estimates for Salzgitter Ag Decreased by Analyst (SZGPY)

Salzgitter Ag (OTCMKTS:SZGPY) – Research analysts at Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for Salzgitter in a report issued on Tuesday. Jefferies Group analyst S. Rosenfeld now anticipates that the basic materials company will post earnings of $0.55 per share for the year, down from their prior forecast of $0.57.

Separately, Zacks Investment Research raised Salzgitter from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Thursday.

Shares of Salzgitter (SZGPY) remained flat at $$6.12 during trading on Thursday. Salzgitter has a 12 month low of $3.59 and a 12 month high of $6.12.

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Salzgitter Company Profile

Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.

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