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

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

Nexa Resources Stock Performance

Shares of NEXA stock opened at $5.50 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $6.80 and its two-hundred day moving average is $7.07. Nexa Resources has a 12 month low of $5.10 and a 12 month high of $9.61.

Analyst Ratings Changes

NEXA has been the topic of several analyst reports. Scotiabank decreased their price objective 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 shares of Nexa Resources from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $7.50 to $7.80 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.16.

About Nexa Resources

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.