Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Issues Earnings Results, Beats Estimates By $0.04 EPS

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) announced its quarterly earnings data on Thursday. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04, Zacks reports. Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%.

Usinas Siderurgicas de Minas Gerais Price Performance

Shares of USNZY stock traded down $0.02 on Thursday, reaching $1.58. The company had a trading volume of 69,664 shares, compared to its average volume of 155,300. The stock has a market capitalization of $865.56 million, a PE ratio of -4.05, a price-to-earnings-growth ratio of 0.17 and a beta of 1.46. The company has a quick ratio of 2.96, a current ratio of 4.54 and a debt-to-equity ratio of 0.26. Usinas Siderurgicas de Minas Gerais has a one year low of $0.75 and a one year high of $2.35. The business’s 50-day moving average is $1.81 and its 200 day moving average is $1.52.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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.