Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Announces Earnings Results

Key Points

• EPS miss: Usinas Siderurgicas de Minas Gerais reported EPS of $0.11 vs. analyst estimates of $0.13 (miss of $0.02), yet the stock rose about 6.4% to $1.48 on heavy volume (315,689 shares vs. average 138,840).
• Analyst upgrade: Zacks Research raised the stock from "hold" to "strong-buy," and MarketBeat shows an average rating of "Strong Buy."
• Company fundamentals show a negative net margin of -12.13% and a negative P/E (-3.23) despite a positive ROE (1.98%), strong liquidity (current ratio 4.12) and low leverage (debt-to-equity 0.27); market cap is about $812.96 million.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) announced its quarterly earnings results on Friday. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02), Zacks reports. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.13% and a positive return on equity of 1.98%.

Usinas Siderurgicas de Minas Gerais Trading Up 6.4%

Shares of Usinas Siderurgicas de Minas Gerais stock traded up $0.09 during mid-day trading on Friday, hitting $1.48. 315,689 shares of the stock were exchanged, compared to its average volume of 138,840. Usinas Siderurgicas de Minas Gerais has a twelve month low of $0.70 and a twelve month high of $1.50. The stock has a market capitalization of $812.96 million, a price-to-earnings ratio of -3.23 and a beta of 1.28. The company has a 50-day simple moving average of $1.29 and a 200 day simple moving average of $1.16. The company has a current ratio of 4.12, a quick ratio of 2.67 and a debt-to-equity ratio of 0.27.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Usinas Siderurgicas de Minas Gerais from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Usinas Siderurgicas de Minas Gerais has an average rating of "Strong Buy".

Usinas Siderurgicas de Minas Gerais Company Profile

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.

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