Salzgitter AG Forecasted to Post FY2018 Earnings of $0.63 Per Share (SZGPY)

Salzgitter AG (OTCMKTS:SZGPY) – Stock analysts at Jefferies Group increased their FY2018 earnings per share (EPS) estimates for shares of Salzgitter in a report issued on Friday, April 6th. Jefferies Group analyst S. Rosenfeld now forecasts that the basic materials company will post earnings per share of $0.63 for the year, up from their prior forecast of $0.60.

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A number of other brokerages have also commented on SZGPY. Zacks Investment Research raised Salzgitter from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Thursday, January 11th. ValuEngine raised Salzgitter from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th.

Shares of SZGPY stock opened at $4.86 on Monday. Salzgitter has a 12 month low of $3.59 and a 12 month high of $6.17. The stock has a market cap of $2,920.71, a PE ratio of 54.00 and a beta of 1.55.

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About Salzgitter

Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.

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