Grupo Simec (SIM) to Release Earnings on Thursday

Grupo Simec (NYSEAMERICAN:SIM) will likely be releasing its results after the market closes on Thursday, April 23rd. Analysts expect Grupo Simec to post earnings of $0.4041 per share and revenue of $570.4790 million for the quarter.

Grupo Simec (NYSEAMERICAN:SIM) last released its earnings results on Saturday, February 14th. The basic materials company reported $0.26 earnings per share for the quarter. Grupo Simec had a return on equity of 2.55% and a net margin of 5.01%.The firm had revenue of $442.30 million for the quarter.

Grupo Simec Stock Performance

NYSEAMERICAN:SIM opened at $31.05 on Tuesday. Grupo Simec has a 1-year low of $25.00 and a 1-year high of $34.59. The business’s 50-day moving average price is $30.78 and its two-hundred day moving average price is $29.58. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 66.07 and a beta of 0.30.

Grupo Simec Company Profile

Grupo Simec (NYSE American: SIM) is a Mexico‐based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company’s core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value‐added processing services to meet the precise specifications of fabricators and end users.

With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw‐material sourcing, steelmaking and downstream processing.