Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) posted its quarterly earnings results on Friday. The basic materials company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03, Zacks reports. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.22%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion.

Usinas Siderurgicas de Minas Gerais Stock Up 1.6%

Usinas Siderurgicas de Minas Gerais stock opened at $1.24 on Friday. The company has a current ratio of 4.21, a quick ratio of 2.64 and a debt-to-equity ratio of 0.26. The firm has a market cap of $679.30 million, a price-to-earnings ratio of -2.70 and a beta of 1.32. The stock has a fifty day simple moving average of $1.19 and a two-hundred day simple moving average of $1.02. Usinas Siderurgicas de Minas Gerais has a 12 month low of $0.70 and a 12 month high of $1.40.

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.