Analysts Expect Companhia Siderúrgica Nacional (NYSE:SID) Will Announce Earnings of $0.25 Per Share

Wall Street analysts predict that Companhia Siderúrgica Nacional (NYSE:SID) will post $0.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Companhia Siderúrgica Nacional’s earnings. Companhia Siderúrgica Nacional posted earnings per share of ($0.21) during the same quarter last year, which indicates a positive year over year growth rate of 219%. The business is expected to report its next earnings results on Thursday, May 13th.

On average, analysts expect that Companhia Siderúrgica Nacional will report full year earnings of $1.31 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $0.96 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Companhia Siderúrgica Nacional.

Companhia Siderúrgica Nacional (NYSE:SID) last announced its earnings results on Monday, February 22nd. The basic materials company reported $0.52 earnings per share for the quarter. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.60 billion. Companhia Siderúrgica Nacional had a return on equity of 17.68% and a net margin of 5.00%.

A number of hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in shares of Companhia Siderúrgica Nacional by 68.6% in the first quarter. Pacer Advisors Inc. now owns 6,678 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 2,716 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of Companhia Siderúrgica Nacional during the third quarter worth about $48,000. Veracity Capital LLC acquired a new stake in shares of Companhia Siderúrgica Nacional in the 1st quarter valued at $77,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Companhia Siderúrgica Nacional in the 3rd quarter worth approximately $88,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Companhia Siderúrgica Nacional by 97.9% during the third quarter. Cubist Systematic Strategies LLC now owns 38,960 shares of the basic materials company’s stock valued at $115,000 after buying an additional 19,272 shares during the last quarter. Institutional investors own 3.23% of the company’s stock.

SID stock opened at $8.54 on Monday. The company has a market cap of $11.85 billion, a PE ratio of 40.67 and a beta of 1.86. The company has a quick ratio of 1.05, a current ratio of 1.44 and a debt-to-equity ratio of 5.13. Companhia Siderúrgica Nacional has a twelve month low of $1.13 and a twelve month high of $8.56. The business’s 50-day simple moving average is $6.57 and its 200 day simple moving average is $5.40.

Companhia Siderúrgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat steel products, such as slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.

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