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

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

Usinas Siderurgicas de Minas Gerais Trading Down 9.4%

Shares of OTCMKTS:USNZY traded down $0.15 during midday trading on Thursday, reaching $1.45. The company’s stock had a trading volume of 151,484 shares, compared to its average volume of 155,311. The firm has a market cap of $794.34 million, a price-to-earnings ratio of -3.72, a price-to-earnings-growth ratio of 0.17 and a beta of 1.46. The business has a 50 day moving average price of $1.81 and a 200 day moving average price of $1.52. Usinas Siderurgicas de Minas Gerais has a 1 year low of $0.75 and a 1 year high of $2.35. The company has a quick ratio of 2.96, a current ratio of 4.54 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered 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, Based on data from MarketBeat, Usinas Siderurgicas de Minas Gerais currently 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.