Companhia Siderúrgica Nacional (SID) Scheduled to Post Earnings on Wednesday

Companhia Siderúrgica Nacional (NYSE:SID) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Companhia Siderúrgica Nacional (NYSE:SID) last released its quarterly earnings results on Thursday, March 7th. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $2.42 billion for the quarter. Companhia Siderúrgica Nacional had a net margin of 0.76% and a return on equity of 1.69%. On average, analysts expect Companhia Siderúrgica Nacional to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Companhia Siderúrgica Nacional Price Performance

Shares of SID remained flat at $2.83 during trading hours on Monday. 907,473 shares of the stock were exchanged, compared to its average volume of 2,816,089. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.32 and a quick ratio of 0.94. Companhia Siderúrgica Nacional has a 12-month low of $2.11 and a 12-month high of $4.03. The stock has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $3.21.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SID shares. Bank of America lowered shares of Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $3.90 to $2.90 in a research note on Tuesday, April 9th. Itau BBA Securities reissued an “underperform” rating and issued a $3.00 price objective on shares of Companhia Siderúrgica Nacional in a research report on Thursday, April 4th. Finally, StockNews.com downgraded shares of Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 3rd.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.