FY2018 EPS Estimates for SSAB Svenskt Stal AB (SSAAY) Raised by Analyst

SSAB Svenskt Stal AB (OTCMKTS:SSAAY) – Equities research analysts at Jefferies Group upped their FY2018 EPS estimates for shares of SSAB Svenskt Stal in a note issued to investors on Friday, April 6th. Jefferies Group analyst S. Rosenfeld now forecasts that the basic materials company will earn $0.22 per share for the year, up from their previous estimate of $0.18. Jefferies Group also issued estimates for SSAB Svenskt Stal’s FY2019 earnings at $0.21 EPS.

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SSAB Svenskt Stal (OTCMKTS:SSAAY) last announced its quarterly earnings results on Friday, January 26th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter. SSAB Svenskt Stal had a net margin of 3.45% and a return on equity of 4.36%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.88 billion.

Separately, Zacks Investment Research raised shares of SSAB Svenskt Stal from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Tuesday, March 27th.

Shares of SSAAY stock opened at $2.74 on Monday. SSAB Svenskt Stal has a 12-month low of $1.75 and a 12-month high of $3.61. The firm has a market capitalization of $5,643.50, a PE ratio of 21.08 and a beta of 1.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.67 and a quick ratio of 0.86.

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SSAB Svenskt Stal Company Profile

SSAB AB produces and sells steel products in Sweden and internationally. It operates in five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The company offers wear steels for maximum payload and service life; structural steel; prehardened tool steel; and protection plates.

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