Iochpe-Maxion (OTCMKTS:IOCJY) Issues Earnings Results

Iochpe-Maxion (OTCMKTS:IOCJY) released its earnings results on Thursday. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02, Zacks reports. Iochpe-Maxion had a net margin of 0.58% and a return on equity of 1.88%. The company had revenue of $778.82 million for the quarter, compared to analysts’ expectations of $784.78 million.

Iochpe-Maxion Stock Performance

Shares of OTCMKTS IOCJY remained flat at $0.54 during midday trading on Friday. The stock has a market capitalization of $249.49 million, a price-to-earnings ratio of 18.04 and a beta of 0.67. Iochpe-Maxion has a fifty-two week low of $0.53 and a fifty-two week high of $0.95. The business has a 50-day moving average price of $0.56 and a 200-day moving average price of $0.57. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.14 and a current ratio of 1.75.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.