Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Posts Earnings Results, Meets Estimates

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) released its quarterly earnings results on Friday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04, Zacks reports. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%.

Usinas Siderurgicas de Minas Gerais Price Performance

USNZY stock opened at $0.97 on Friday. Usinas Siderurgicas de Minas Gerais has a 1 year low of $0.89 and a 1 year high of $2.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.44 and a quick ratio of 2.87. The firm has a market capitalization of $531.39 million, a PE ratio of 4.41, a price-to-earnings-growth ratio of 0.09 and a beta of 1.44. The business has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.48.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steelmaker focused on the production and sale of flat steel products. Its portfolio includes hot-rolled, cold-rolled, galvanized and heavy plate steel used in industries such as automotive manufacturing, construction, machinery, energy and industrial equipment.

Founded in 1956, Usiminas operates steelmaking facilities in Ipatinga, Minas Gerais, and Cubatão, São Paulo. The company also maintains activities related to iron ore mining, logistics, steel processing and the distribution of steel products, supporting its operations from raw materials through delivery to industrial customers.

Usiminas primarily serves the Brazilian market while also supplying customers in international markets.