Iochpe-Maxion (IOCJY) Set to Release Quarterly Earnings on Thursday

Iochpe-Maxion (OTCMKTS:IOCJY) is expected to be releasing 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) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations 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 Stock Up 17.3%

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

Wall Street Analysts Forecast Growth

Separately, Bradesco Corretora cut Iochpe-Maxion to a “neutral” rating in a research note on Tuesday, September 15th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Iochpe-Maxion currently 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.