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

Key Points

• Usinas Siderurgicas de Minas Gerais will release results before the market opens on Friday, April 24; analysts expect $0.1317 EPS and $6.6323 billion in revenue for the quarter.
• In the prior quarter the company reported $0.01 EPS (beating estimates) but still showed a negative net margin (~12.13%), analysts project $0 EPS for the current and next fiscal years, and the stock trades around $1.37 with a market cap near $750.5M.
• Zacks Research upgraded Usinas Siderurgicas de Minas Gerais to a "Strong Buy", and MarketBeat lists the company with a consensus rating of Strong Buy.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) is expected to be releasing its results before the market opens on Friday, April 24th. Analysts expect Usinas Siderurgicas de Minas Gerais to post earnings of $0.1317 per share and revenue of $6.6323 billion for the quarter.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last released its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.98% and a negative net margin of 12.13%.The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. 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 Down 0.3%

USNZY opened at $1.37 on Friday. Usinas Siderurgicas de Minas Gerais has a one year low of $0.70 and a one year high of $1.49. The company has a market cap of $750.51 million, a P/E ratio of -2.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.67 and a current ratio of 4.12. The business's 50-day simple moving average is $1.27 and its 200-day simple moving average is $1.15.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Usinas Siderurgicas de Minas Gerais from a "hold" rating to a "strong-buy" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus 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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