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

Key Points

• Usiminas is expected to report earnings before the market opens on Friday, October 30. Analysts forecast $0.04 in EPS and $1.23 billion in quarterly revenue.
• In its previous quarter, the steelmaker posted $0.06 EPS, beating estimates of $0.02, while revenue reached $1.21 billion versus the $1.20 billion consensus.
• USNZY opened at $1.30, with a market capitalization of approximately $714.9 million and a 52-week trading range of $0.89 to $2.35. Analysts expect full-year EPS of $0.28 and next-year EPS of $0.19.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) is expected to announce its results before the market opens on Friday, October 30th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $1.23 billion for the quarter.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. On average, analysts expect Usinas Siderurgicas de Minas Gerais to post $0.28 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.

Usinas Siderurgicas de Minas Gerais Stock Performance

OTCMKTS:USNZY opened at $1.30 on Friday. The firm has a market capitalization of $714.91 million, a PE ratio of 7.37, a PEG ratio of 0.13 and a beta of 1.44. Usinas Siderurgicas de Minas Gerais has a 1 year low of $0.89 and a 1 year high of $2.35. The company has a current ratio of 4.44, a quick ratio of 2.87 and a debt-to-equity ratio of 0.26. The firm's fifty day simple moving average is $1.41 and its 200 day simple moving average is $1.58.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steelmaker focused on the production and sale of flat steel products. Its portfolio includes hot-rolled, cold-rolled, galvanized and heavy plate steel used in industries such as automotive manufacturing, construction, machinery, energy and industrial equipment.

Founded in 1956, Usiminas operates steelmaking facilities in Ipatinga, Minas Gerais, and Cubatão, São Paulo. The company also maintains activities related to iron ore mining, logistics, steel processing and the distribution of steel products, supporting its operations from raw materials through delivery to industrial customers.

Usiminas primarily serves the Brazilian market while also supplying customers in international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.