Companhia Siderúrgica Nacional (SID) to Release Earnings on Monday

Companhia Siderúrgica Nacional (NYSE:SID) will announce 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 interested in listening to the company’s conference call can do so using this link.

Companhia Siderúrgica Nacional (NYSE:SID) last released its quarterly earnings results on Thursday, May 9th. The basic materials company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.19). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.10 billion. Companhia Siderúrgica Nacional had a net margin of 1.45% and a return on equity of 3.17%. 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 Price Performance

SID traded down $0.02 during midday trading on Monday, reaching $1.97. 1,113,768 shares of the company’s stock traded hands, compared to its average volume of 2,341,324. The firm has a fifty day moving average of $2.32 and a two-hundred day moving average of $2.85. The company has a current ratio of 1.29, a quick ratio of 0.91 and a debt-to-equity ratio of 1.89. Companhia Siderúrgica Nacional has a 52 week low of $1.89 and a 52 week high of $4.03.

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 given a $0.1395 dividend. This represents a dividend yield of 16.6%. The ex-dividend date was Wednesday, May 22nd. Companhia Siderúrgica Nacional’s dividend payout ratio is currently 300.03%.

Wall Street Analyst Weigh In

SID has been the subject of several research reports. Bank of America lowered Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $3.90 to $2.90 in a research report on Tuesday, April 9th. StockNews.com lowered Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research report 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.