Brokerages forecast that Nexa Resources SA (NYSE:NEXA) will report earnings per share of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Nexa Resources’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.23. Nexa Resources reported earnings of $0.41 per share during the same quarter last year, which would suggest a negative year over year growth rate of 53.7%. The business is scheduled to report its next earnings results after the market closes on Tuesday, April 30th.

According to Zacks, analysts expect that Nexa Resources will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.51 to $1.00. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.54 per share, with EPS estimates ranging from ($0.22) to $0.94. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Nexa Resources.

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its holdings in Nexa Resources by 39.2% in the 3rd quarter. Legal & General Group Plc now owns 10,720 shares of the company’s stock valued at $129,000 after purchasing an additional 3,020 shares in the last quarter. Vident Investment Advisory LLC acquired a new stake in Nexa Resources in the 3rd quarter valued at $131,000. Northern Trust Corp increased its holdings in Nexa Resources by 69.3% in the 4th quarter. Northern Trust Corp now owns 22,468 shares of the company’s stock valued at $267,000 after purchasing an additional 9,197 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in Nexa Resources in the 3rd quarter valued at $329,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in Nexa Resources by 8.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 39,077 shares of the company’s stock valued at $465,000 after purchasing an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 10.67% of the company’s stock.

Shares of Nexa Resources stock opened at $12.33 on Wednesday. Nexa Resources has a fifty-two week low of $8.22 and a fifty-two week high of $18.18. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 44.04, a price-to-earnings-growth ratio of 1.39 and a beta of 0.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.19 and a current ratio of 2.60.

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

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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