Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Posts Earnings Results, Beats Expectations By $0.04 EPS

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) issued its quarterly earnings data on Thursday. The basic materials company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04, Zacks reports. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 5.60% and a negative net margin of 8.87%.

Usinas Siderurgicas de Minas Gerais Trading Up 1.0%

USNZY opened at $1.47 on Friday. The stock has a market capitalization of $802.56 million, a P/E ratio of -4.31, a P/E/G ratio of 0.15 and a beta of 1.46. Usinas Siderurgicas de Minas Gerais has a 12 month low of $0.75 and a 12 month high of $2.35. The firm’s fifty day simple moving average is $1.79 and its 200 day simple moving average is $1.52. The company has a current ratio of 4.54, a quick ratio of 2.96 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

Separately, Zacks Research cut Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Usinas Siderurgicas de Minas Gerais

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.