Companhia Siderúrgica Nacional (SID) to Release Quarterly Earnings on Monday

Companhia Siderúrgica Nacional (NYSE:SID) will be announcing its earnings results after the market closes on Monday, August 12th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its earnings results on Thursday, May 9th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.19). Companhia Siderúrgica Nacional had a net margin of 1.45% and a return on equity of 3.17%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.10 billion. On average, analysts expect Companhia Siderúrgica Nacional to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Companhia Siderúrgica Nacional Stock Down 1.0 %

Shares of NYSE:SID traded down $0.02 on Monday, hitting $1.97. The stock had a trading volume of 1,113,768 shares, compared to its average volume of 2,341,324. Companhia Siderúrgica Nacional has a twelve month low of $1.89 and a twelve month high of $4.03. The company has a quick ratio of 0.91, a current ratio of 1.29 and a debt-to-equity ratio of 1.89. The firm’s 50 day moving average price is $2.32 and its 200-day moving average price is $2.85.

Companhia Siderúrgica Nacional Cuts Dividend

The company also recently announced a — dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, January 1st were paid a $0.1395 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a dividend yield of 16.6%. Companhia Siderúrgica Nacional’s dividend payout ratio is presently 300.03%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SID. Bank of America downgraded shares of Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $3.90 to $2.90 in a research note on Tuesday, April 9th. StockNews.com downgraded shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.