Usinas Siderurgicas de Minas Gerais (USNZY) Projected to Post Earnings on Friday

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) is anticipated to release its results before the market opens on Friday, April 24th. Analysts expect Usinas Siderurgicas de Minas Gerais to post earnings of $0.1317 per share and revenue of $6.6323 billion for the quarter.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.98% and a negative net margin of 12.13%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. On average, analysts expect Usinas Siderurgicas de Minas Gerais to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Usinas Siderurgicas de Minas Gerais Stock Performance

Shares of USNZY stock opened at $1.40 on Thursday. Usinas Siderurgicas de Minas Gerais has a 12-month low of $0.70 and a 12-month high of $1.49. The firm has a market capitalization of $766.95 million, a price-to-earnings ratio of -3.04 and a beta of 1.28. The business has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $1.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.12 and a quick ratio of 2.67.

Analyst Ratings Changes

Separately, Zacks Research raised Usinas Siderurgicas de Minas Gerais from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (OTCMKTS: USNZY), widely known as Usiminas, is one of Brazil’s leading integrated steel producers. The company operates across the full steel value chain, from iron ore mining to the manufacture and distribution of flat steel products. Its portfolio includes hot- and cold-rolled coils, coated sheets, tin plates, plates and tubular products, which serve a broad array of end markets such as construction, automotive, packaging, machinery and energy.

Founded in the mid-1950s through a partnership between Brazilian and international investors, Usiminas is headquartered in Belo Horizonte and maintains its principal steelmaking facilities in Ipatinga, Minas Gerais, as well as secondary operations in Cubatão (São Paulo) and Santa Cruz.