Steel Partners (NYSE:SPLP) Posts Earnings Results

Steel Partners (NYSE:SPLP) issued its quarterly earnings results on Tuesday. The conglomerate reported $3.40 earnings per share (EPS) for the quarter, Zacks reports. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The business had revenue of $497.92 million for the quarter.

Steel Partners Stock Down 0.3 %

SPLP stock opened at $40.42 on Thursday. The company has a market cap of $775.46 million, a P/E ratio of 4.15 and a beta of 1.37. Steel Partners has a 52 week low of $34.55 and a 52 week high of $48.45. The company’s 50-day moving average price is $41.26 and its 200 day moving average price is $41.06. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Steel Partners in a report on Saturday, March 8th. They set a “strong-buy” rating on the stock.

About Steel Partners

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.