Analysts expect Companhia Siderurgica Nacional (NYSE:SID) to report earnings per share of $0.02 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Companhia Siderurgica Nacional’s earnings. The business is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Companhia Siderurgica Nacional will report full year earnings of $0.19 per share for the current financial year. For the next financial year, analysts forecast that the firm will report earnings of $0.17 per share, with EPS estimates ranging from $0.05 to $0.29. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Companhia Siderurgica Nacional.
Several research firms recently weighed in on SID. Zacks Investment Research upgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Thursday, July 19th. ValuEngine cut shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Finally, Bank of America began coverage on shares of Companhia Siderurgica Nacional in a report on Thursday, August 16th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Companhia Siderurgica Nacional presently has an average rating of “Hold” and a consensus price target of $2.25.
Companhia Siderurgica Nacional stock traded down $0.04 during midday trading on Thursday, hitting $2.39. 2,080,200 shares of the stock were exchanged, compared to its average volume of 2,812,651. Companhia Siderurgica Nacional has a 52-week low of $1.91 and a 52-week high of $3.53. The company has a debt-to-equity ratio of 2.99, a quick ratio of 0.76 and a current ratio of 1.25.
A number of institutional investors have recently added to or reduced their stakes in the stock. IPG Investment Advisors LLC purchased a new position in Companhia Siderurgica Nacional during the second quarter worth about $119,000. Banco de Sabadell S.A purchased a new position in Companhia Siderurgica Nacional during the first quarter worth about $152,000. Verde Servicos Internacionais S.A. purchased a new position in Companhia Siderurgica Nacional during the third quarter worth about $136,000. Barclays PLC boosted its stake in Companhia Siderurgica Nacional by 28.9% in the first quarter. Barclays PLC now owns 347,366 shares of the basic materials company’s stock valued at $914,000 after acquiring an additional 77,779 shares during the last quarter. Finally, Credit Agricole S A purchased a new position in Companhia Siderurgica Nacional in the second quarter valued at about $193,000. Institutional investors and hedge funds own 1.96% of the company’s stock.
Companhia Siderurgica Nacional Company Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.
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