CEMIG (CIG) Projected to Release Quarterly Earnings on Tuesday

CEMIG (NYSE:CIG - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, May 13th. Analysts expect CEMIG to post earnings of $0.05 per share and revenue of $1.57 billion for the quarter.

CEMIG Stock Performance

Shares of NYSE:CIG traded down $0.03 during trading on Friday, hitting $1.90. 1,711,493 shares of the company were exchanged, compared to its average volume of 2,333,697. CEMIG has a 52-week low of $1.59 and a 52-week high of $2.19. The stock has a 50 day moving average of $1.82 and a 200 day moving average of $1.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $5.42 billion, a PE ratio of 3.54 and a beta of 1.11.

CEMIG Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a dividend of $0.033 per share. The ex-dividend date was Monday, March 31st. CEMIG's payout ratio is 37.04%.

Analyst Upgrades and Downgrades

Separately, Bank of America cut CEMIG from a "neutral" rating to an "underperform" rating in a research report on Tuesday, April 1st.

CEMIG Company Profile

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.