Grupo Simec (SIM) to Release Quarterly Earnings on Thursday

Grupo Simec (NYSEAMERICAN:SIM) will likely be announcing its results after the market closes on Thursday, April 23rd. Analysts expect the company to announce earnings of $0.4041 per share and revenue of $570.4790 million for the quarter.

Grupo Simec (NYSEAMERICAN:SIM) last announced its earnings results on Saturday, February 14th. The basic materials company reported $0.26 EPS for the quarter. Grupo Simec had a return on equity of 2.55% and a net margin of 5.01%.The company had revenue of $442.30 million for the quarter.

Grupo Simec Price Performance

Shares of Grupo Simec stock opened at $30.75 on Thursday. Grupo Simec has a one year low of $25.00 and a one year high of $34.59. The stock’s 50-day moving average is $30.74 and its 200 day moving average is $29.49. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 65.43 and a beta of 0.30.

About Grupo Simec

Grupo Simec (NYSE American: SIM) is a Mexico‐based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company’s core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value‐added processing services to meet the precise specifications of fabricators and end users.

With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw‐material sourcing, steelmaking and downstream processing.