Q1 2019 Earnings Estimate for Nexa Resources SA Issued By National Bank Financial (NEXA)

Nexa Resources SA (NYSE:NEXA) – Equities researchers at National Bank Financial issued their Q1 2019 earnings per share estimates for shares of Nexa Resources in a report issued on Wednesday, April 17th, according to Zacks Investment Research. National Bank Financial analyst S. Nagle expects that the company will earn $0.22 per share for the quarter.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.11) EPS 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 analyst estimates of $567.66 million. The firm’s revenue was down 15.7% on a year-over-year basis.

Several other research analysts have also commented on NEXA. Zacks Investment Research lowered shares of Nexa Resources from a “buy” rating to a “hold” rating in a report on Tuesday. Scotiabank downgraded shares of Nexa Resources from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 14th. Finally, Citigroup downgraded shares of Nexa Resources from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Nexa Resources has an average rating of “Hold” and a consensus target price of $15.38.

Shares of NYSE NEXA traded down $0.07 during midday trading on Friday, hitting $9.69. The company’s stock had a trading volume of 201,366 shares, compared to its average volume of 124,267. Nexa Resources has a 1-year low of $8.22 and a 1-year high of $17.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.95 and a current ratio of 2.42. The firm has a market capitalization of $1.29 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 1.09 and a beta of 0.23.

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in Nexa Resources by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 704,969 shares of the company’s stock valued at $8,502,000 after purchasing an additional 54,724 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Nexa Resources by 44.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 574,062 shares of the company’s stock valued at $7,147,000 after purchasing an additional 178,018 shares during the last quarter. Man Group plc lifted its position in Nexa Resources by 18.6% in the 3rd quarter. Man Group plc now owns 550,496 shares of the company’s stock valued at $6,639,000 after purchasing an additional 86,488 shares during the last quarter. Norges Bank bought a new stake in shares of Nexa Resources during the 4th quarter worth about $6,532,000. Finally, BW Gestao de Investimentos Ltda. raised its position in shares of Nexa Resources by 4.2% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 450,400 shares of the company’s stock worth $5,432,000 after buying an additional 18,286 shares in the last quarter. Hedge funds and other institutional investors own 10.68% of the company’s stock.

About Nexa Resources

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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