Usinas Siderurgicas de Minas Gerais (USNZY) Projected to Post Quarterly Earnings on Friday

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) is expected to be releasing its results before the market opens on Friday, October 30th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $1.23 billion for the quarter.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. On average, analysts expect Usinas Siderurgicas de Minas Gerais to post $0.28 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.

Usinas Siderurgicas de Minas Gerais Stock Down 3.8%

USNZY opened at $1.14 on Wednesday. The stock has a market cap of $621.77 million, a PE ratio of -3.34 and a beta of 1.44. The business has a 50 day moving average of $1.40 and a 200-day moving average of $1.48. Usinas Siderurgicas de Minas Gerais has a 52 week low of $0.89 and a 52 week high of $2.35.

Usinas Siderurgicas de Minas Gerais Company Profile

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.