CEMIG (CIG) to Release Earnings on Tuesday

CEMIG (NYSE:CIG) is expected to announce its earnings results before the market opens on Tuesday, May 13th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $1.57 billion for the quarter.

CEMIG Price Performance

Shares of CEMIG stock opened at $1.90 on Friday. The company has a market cap of $5.42 billion, a PE ratio of 3.54 and a beta of 1.11. The business has a 50 day moving average of $1.82 and a 200 day moving average of $1.86. CEMIG has a 52 week low of $1.59 and a 52 week high of $2.19. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.35.

CEMIG Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a $0.033 dividend. The ex-dividend date of this dividend was Monday, March 31st. CEMIG’s dividend payout ratio is 37.04%.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded shares of CEMIG from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 1st.

About CEMIG

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.