Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZYGet Rating) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “The USIMINAS SYSTEMS is Latin America’s biggest flat steel complex and it ranks among the world’s largest twenty steel producers. Usiminas is the System’s leader company, a conglomerate made up of companies that operate in the steel industry and businesses in which steel plays a strategic role. With a solid organizational culture and deeply committed to the stockholders and the society, the company is in a constant search for operating excellence, long-term vision and corporate responsibility. Presently, Usiminas leads a pool of companies and it has a strong focus on transparency in its relations with the capital market. “

Separately, HSBC cut Usinas Siderúrgicas de Minas Gerais from a buy rating to a hold rating in a research report on Wednesday, January 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $16.67.

Shares of OTCMKTS USNZY opened at $2.40 on Wednesday. The business has a fifty day simple moving average of $2.85 and a 200 day simple moving average of $2.75. The company has a current ratio of 3.16, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 1.70, a PEG ratio of 0.19 and a beta of 1.35. Usinas Siderúrgicas de Minas Gerais has a one year low of $2.11 and a one year high of $4.60.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZYGet Rating) last announced its quarterly earnings results on Friday, February 11th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.18. Usinas Siderúrgicas de Minas Gerais had a return on equity of 40.96% and a net margin of 28.46%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.56 billion. On average, research analysts anticipate that Usinas Siderúrgicas de Minas Gerais will post 0.75 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Thursday, July 7th. Stockholders of record on Monday, May 2nd will be issued a dividend of $0.1176 per share. This represents a dividend yield of 13.44%. The ex-dividend date of this dividend is Friday, April 29th. This is a boost from Usinas Siderúrgicas de Minas Gerais’s previous dividend of $0.03. Usinas Siderúrgicas de Minas Gerais’s dividend payout ratio is presently 19.86%.

Usinas Siderúrgicas de Minas Gerais Company Profile (Get Rating)

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through four segments: Mining and Logistics, Steel Metallurgy, Steel Transformation, and Capital Assets. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; develops steel product solutions; and operates as a distribution center and trading company.

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