Zacks: Analysts Anticipate Companhia Siderurgica Nacional (SID) to Post $0.02 Earnings Per Share
Equities research analysts forecast that Companhia Siderurgica Nacional (NYSE:SID) will announce $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Companhia Siderurgica Nacional’s earnings. The firm is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Companhia Siderurgica Nacional will report full year earnings of $0.19 per share for the current fiscal year. For the next year, analysts anticipate that the company will post earnings of $0.17 per share, with EPS estimates ranging from $0.05 to $0.29. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Companhia Siderurgica Nacional.
A number of equities analysts recently weighed in on SID shares. Bank of America started coverage on Companhia Siderurgica Nacional in a report on Thursday, August 16th. They issued a “buy” rating for the company. Zacks Investment Research raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Thursday, July 19th. ValuEngine upgraded Companhia Siderurgica Nacional from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Credit Suisse Group upgraded Companhia Siderurgica Nacional from a “neutral” rating to an “outperform” rating in a research note on Monday, June 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Companhia Siderurgica Nacional currently has a consensus rating of “Hold” and a consensus target price of $2.25.
NYSE SID traded down $0.11 during trading hours on Monday, reaching $2.10. The company’s stock had a trading volume of 1,274,900 shares, compared to its average volume of 2,856,073. Companhia Siderurgica Nacional has a 1-year low of $1.91 and a 1-year high of $3.53. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 2.99.
The company also recently disclosed a special dividend, which was paid on Friday, September 7th. Shareholders of record on Thursday, August 30th were paid a dividend of $0.1618 per share. This is a positive change from Companhia Siderurgica Nacional’s previous special dividend of $0.06. The ex-dividend date was Wednesday, August 29th.
About Companhia Siderurgica Nacional
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.
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