Nexa Resources (NYSE:NEXA) Releases Earnings Results, Misses Expectations By $1.20 EPS

Nexa Resources (NYSE:NEXA) issued its quarterly earnings results on Thursday. The company reported ($1.00) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($1.20), Zacks reports. Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. The business had revenue of $740.92 million during the quarter, compared to analyst estimates of $731.81 million.

Nexa Resources Stock Down 8.3 %

Shares of NEXA stock opened at $5.50 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 1.13. The business has a 50-day moving average of $6.80 and a 200 day moving average of $7.07. Nexa Resources has a 1-year low of $5.10 and a 1-year high of $9.61.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank reduced their target price on Nexa Resources from $7.00 to $5.00 and set a “sector underperform” rating on the stock in a report on Friday, February 7th. Morgan Stanley raised Nexa Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $7.50 to $7.80 in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.16.

Nexa Resources Company Profile

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.