National Steel (NYSE:SID) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS
National Steel (NYSE:SID) reported quarterly earnings of $0.01 per share, missing the consensus estimate of $0.10 by $0.09. The company had a negative return on equity of 13.90% and a negative net margin of 5.06%. Revenue was $2.20 billion, exceeding expectations of $2.08 billion. The stock is rated as 'Sell' by analysts, with a consensus price target of $1.30.
National Steel (NYSE:SID - Get Free Report) posted its earnings results on Wednesday. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09), Zacks reports. National Steel had a negative return on equity of 13.90% and a negative net margin of 5.06%.The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.08 billion.
Get National Steel alerts:
National Steel Stock Down 0.9%
Shares of National Steel stock traded down $0.02 on Friday, reaching $1.62. The company's stock had a trading volume of 1,799,089 shares, compared to its average volume of 2,739,674. National Steel has a 52 week low of $1.24 and a 52 week high of $2.05. The firm's fifty day simple moving average is $1.57 and its two-hundred day simple moving average is $1.52. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -5.57, a P/E/G ratio of 1.35 and a beta of 1.77. The company has a quick ratio of 0.95, a current ratio of 1.35 and a debt-to-equity ratio of 2.60.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on SID. Zacks Research raised shares of National Steel from a "strong sell" rating to a "hold" rating in a research note on Friday, September 19th. Weiss Ratings restated a "sell (d)" rating on shares of National Steel in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Sell" and a consensus price target of $1.30.
Get Our Latest Analysis on National Steel
About National Steel
(Get Free Report)Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.
See Also
- Five stocks we like better than National Steel
- What Are Dividend Challengers?
- Are These 3 Oversold Tech Giants Ready to Rebound?
- How Technical Indicators Can Help You Find Oversold Stocks
- If You Wait for the Dip, Micron Technology Could Leave You Behind
- Ride Out The Recession With These Dividend Kings
- 3 Stocks Quietly Powering the AI and Tech Revolution
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in National Steel Right Now?
Before you consider National Steel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Steel wasn't on the list.
While National Steel currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
