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

SSAB Svenskt Stal AB (OTCMKTS:SSAAY) – Investment analysts at Jefferies Group lowered their FY2018 EPS estimates for SSAB Svenskt Stal in a research note issued on Tuesday. Jefferies Group analyst S. Rosenfeld now expects that the basic materials company will post earnings of $0.17 per share for the year, down from their previous forecast of $0.18.

Separately, Zacks Investment Research lowered shares of SSAB Svenskt Stal from a “hold” rating to a “sell” rating in a report on Friday.

Shares of SSAB Svenskt Stal (SSAAY) remained flat at $$2.96 on Thursday. The stock has a market capitalization of $1,800.00, a P/E ratio of 26.90 and a beta of 1.82. SSAB Svenskt Stal has a 12-month low of $1.71 and a 12-month high of $3.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.66.

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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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