Steel Partners (NYSE:SPLP) Announces Quarterly Earnings Results

Steel Partners (NYSE:SPLP) posted its quarterly earnings results on Tuesday. The conglomerate reported $3.40 earnings per share for the quarter, Zacks reports. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%.

Steel Partners Trading Up 1.1 %

Shares of NYSE:SPLP opened at $40.56 on Wednesday. Steel Partners has a 1 year low of $34.55 and a 1 year high of $48.45. The firm has a fifty day moving average price of $41.31 and a 200 day moving average price of $41.07. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $778.14 million, a PE ratio of 4.16 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Steel Partners in a research note on Saturday. They issued a “strong-buy” rating for the company.

Steel Partners Company Profile

Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, Financial Services, and Supply Chain segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications.