Nexa Resources SA (NEXA) Expected to Announce Earnings of $0.20 Per Share

Equities research analysts expect Nexa Resources SA (NYSE:NEXA) to post $0.20 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Nexa Resources’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.19. Nexa Resources reported earnings of ($0.30) per share in the same quarter last year, which would suggest a positive year over year growth rate of 166.7%. The business is expected to announce its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that Nexa Resources will report full-year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.53. For the next financial year, analysts expect that the business will report earnings of $0.46 per share, with EPS estimates ranging from ($0.21) to $0.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Nexa Resources.

Nexa Resources (NYSE:NEXA) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.29). Nexa Resources had a net margin of 0.24% and a negative return on equity of 1.12%. The business had revenue of $570.00 million during the quarter, compared to analysts’ expectations of $567.66 million. The business’s revenue was down 15.7% on a year-over-year basis.

Separately, Zacks Investment Research lowered Nexa Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. One 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 company. Nexa Resources currently has an average rating of “Hold” and a consensus price target of $15.38.

Shares of Nexa Resources stock opened at $9.70 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.42 and a debt-to-equity ratio of 0.51. Nexa Resources has a twelve month low of $8.22 and a twelve month high of $16.89. The stock has a market capitalization of $1.28 billion, a P/E ratio of 34.64, a price-to-earnings-growth ratio of 1.94 and a beta of 0.56.

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Nexa Resources by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 704,969 shares of the company’s stock worth $8,502,000 after buying an additional 54,724 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Nexa Resources by 44.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 574,062 shares of the company’s stock worth $7,147,000 after buying an additional 178,018 shares in the last quarter. Norges Bank purchased a new stake in Nexa Resources during the 4th quarter worth approximately $6,532,000. Renaissance Technologies LLC increased its stake in Nexa Resources by 95.3% during the 1st quarter. Renaissance Technologies LLC now owns 394,900 shares of the company’s stock worth $4,917,000 after buying an additional 192,700 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Nexa Resources by 0.3% during the 4th quarter. Deutsche Bank AG now owns 252,508 shares of the company’s stock worth $3,003,000 after buying an additional 838 shares in the last quarter. Institutional investors own 8.54% of the company’s stock.

About Nexa Resources

Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business. 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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