$0.18 Earnings Per Share Expected for Nexa Resources SA (NEXA) This Quarter

Wall Street brokerages predict that Nexa Resources SA (NYSE:NEXA) will post earnings per share of $0.18 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Nexa Resources’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.12. Nexa Resources reported earnings of $0.41 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 56.1%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, April 30th.

On average, analysts expect that Nexa Resources will report full year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.51 to $1.00. For the next financial year, analysts forecast that the company will report earnings of $0.54 per share, with EPS estimates ranging from ($0.22) to $0.94. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Nexa Resources.

Nexa Resources (NYSE:NEXA) last announced its earnings results on Friday, February 15th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). Nexa Resources had a net margin of 3.01% and a return on equity of 1.31%. The firm had revenue of $583.40 million for the quarter, compared to analyst estimates of $540.19 million.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Nexa Resources from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, April 2nd. BMO Capital Markets began coverage on shares of Nexa Resources in a report on Tuesday, January 8th. They issued a “market perform” rating and a $19.00 price objective for the company. Citigroup cut shares of Nexa Resources from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a report on Friday, January 11th. Finally, Scotiabank cut shares of Nexa Resources from an “outperform” rating to a “sector perform” rating in a report on Monday, January 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.00.

NYSE:NEXA traded up $0.10 during trading hours on Wednesday, hitting $12.67. 4,201 shares of the stock traded hands, compared to its average volume of 73,493. The company has a quick ratio of 2.19, a current ratio of 2.60 and a debt-to-equity ratio of 0.48. Nexa Resources has a fifty-two week low of $8.22 and a fifty-two week high of $18.30. The company has a market cap of $1.67 billion, a P/E ratio of 45.25, a price-to-earnings-growth ratio of 1.39 and a beta of 0.28.

The business also recently declared an annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.5255 per share. The ex-dividend date was Wednesday, March 13th. This represents a dividend yield of 4.99%. Nexa Resources’s dividend payout ratio (DPR) is currently 189.29%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEXA. Legal & General Group Plc boosted its stake in Nexa Resources by 39.2% in the third quarter. Legal & General Group Plc now owns 10,720 shares of the company’s stock valued at $129,000 after acquiring an additional 3,020 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in Nexa Resources in the third quarter worth $131,000. Northern Trust Corp raised its holdings in Nexa Resources by 69.3% in the fourth quarter. Northern Trust Corp now owns 22,468 shares of the company’s stock worth $267,000 after purchasing an additional 9,197 shares during the period. Great West Life Assurance Co. Can acquired a new stake in Nexa Resources in the third quarter worth $329,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in Nexa Resources by 8.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 39,077 shares of the company’s stock worth $465,000 after purchasing an additional 2,900 shares during the period. 10.67% of the stock is currently owned by institutional investors and hedge funds.

Nexa Resources Company Profile

Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business in Latin America. It also produces copper, lead, silver and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.

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