Jefferies Group Equities Analysts Boost Earnings Estimates for Salzgitter AG (OTC:SZGPY)

Salzgitter AG (OTC:SZGPY) – Equities researchers at Jefferies Group increased their FY2017 EPS estimates for Salzgitter AG in a report issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst S. Rosenfeld now forecasts that the company will earn $0.34 per share for the year, up from their prior estimate of $0.32. Jefferies Group also issued estimates for Salzgitter AG’s FY2018 earnings at $0.47 EPS.

Separately, Goldman Sachs Group, Inc. (The) cut Salzgitter AG from a “buy” rating to a “neutral” rating in a report on Wednesday, July 19th.

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Salzgitter AG (OTC:SZGPY) traded down $0.30 on Thursday, reaching $4.72. 228 shares of the company’s stock were exchanged, compared to its average volume of 24. Salzgitter AG has a 1 year low of $3.22 and a 1 year high of $5.02.

Salzgitter AG 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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Earnings History and Estimates for Salzgitter AG (OTC:SZGPY)

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