Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) announced its quarterly earnings results on Thursday. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04, Zacks reports. Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%.

Usinas Siderurgicas de Minas Gerais Trading Down 1.3%

OTCMKTS:USNZY traded down $0.02 during mid-day trading on Thursday, hitting $1.58. 69,664 shares of the company’s stock were exchanged, compared to its average volume of 155,300. Usinas Siderurgicas de Minas Gerais has a fifty-two week low of $0.75 and a fifty-two week high of $2.35. The company has a current ratio of 4.54, a quick ratio of 2.96 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $865.56 million, a P/E ratio of -4.05, a PEG ratio of 0.17 and a beta of 1.46. The company has a 50 day simple moving average of $1.81 and a 200-day simple moving average of $1.52.

Analysts Set New Price Targets

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

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.