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

Key Points

• Usinas Siderurgicas de Minas Gerais reported earnings of $0.01 per share, missing estimates by $0.01.
• The company has a market cap of $454.69 million and a return on equity of 0.67%.
• Stock opened at $0.83, with a 12-month high of $1.30 and a low of $0.70.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) released its quarterly earnings results on Friday. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01), Zacks reports. Usinas Siderurgicas de Minas Gerais had a return on equity of 1.62% and a net margin of 1.66%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $6.74 billion.

Usinas Siderurgicas de Minas Gerais Stock Down 1.2%

USNZY stock traded down $0.01 during mid-day trading on Wednesday, reaching $0.82. The company had a trading volume of 15,039 shares, compared to its average volume of 57,731. Usinas Siderurgicas de Minas Gerais has a fifty-two week low of $0.70 and a fifty-two week high of $1.30. The company has a market capitalization of $449.21 million, a price-to-earnings ratio of 16.40 and a beta of 1.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 4.26. The firm has a fifty day simple moving average of $0.89 and a 200 day simple moving average of $0.96.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.