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

Key Points

• Usinas Siderurgicas de Minas Gerais (USNZY) is set to announce its earnings before the market opens on October 24th, with analysts predicting a loss of ($0.01) per share for the quarter.
• The company reported earnings of $0.01 per share in the previous quarter, missing expectations, and had a revenue of $1.17 billion, far below the consensus estimate of $6.74 billion.
• Analysts have upgraded the rating from a "strong sell" to a "hold," and the stock is currently trading around $0.96, reflecting a 4.7% increase during trading hours.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) is expected to issue its results before the market opens on Friday, October 24th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $6.74 billion. Usinas Siderurgicas de Minas Gerais had a return on equity of 1.62% and a net margin of 1.66%. On average, analysts expect Usinas Siderurgicas de Minas Gerais to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Usinas Siderurgicas de Minas Gerais Trading Up 4.7%

OTCMKTS:USNZY traded up $0.04 during trading hours on Wednesday, hitting $0.96. 70,000 shares of the company were exchanged, compared to its average volume of 61,178. The stock has a market capitalization of $525.91 million, a price-to-earnings ratio of 19.20 and a beta of 1.40. The company has a current ratio of 4.26, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. Usinas Siderurgicas de Minas Gerais has a one year low of $0.70 and a one year high of $1.26. The company has a fifty day simple moving average of $0.86 and a 200 day simple moving average of $0.90.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Usinas Siderurgicas de Minas Gerais from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Usinas Siderurgicas de Minas Gerais presently has a consensus rating of "Hold".

Usinas Siderurgicas de Minas Gerais Company Profile

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.

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