CEMIG (CIG) Expected to Announce Earnings on Tuesday

CEMIG (NYSE:CIG) is expected to release its earnings data before the market opens on Tuesday, May 13th. Analysts expect CEMIG to post earnings of $0.05 per share and revenue of $1.57 billion for the quarter.

CEMIG Price Performance

Shares of NYSE CIG opened at $1.90 on Friday. The firm has a market capitalization of $5.42 billion, a P/E ratio of 3.54 and a beta of 1.11. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $1.82 and its two-hundred day simple moving average is $1.86. CEMIG has a twelve month low of $1.59 and a twelve month high of $2.19.

CEMIG Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.033 dividend. The ex-dividend date of this dividend was Monday, March 31st. CEMIG’s dividend payout ratio is currently 37.04%.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered shares of CEMIG from a “neutral” rating to an “underperform” rating in a report on Tuesday, April 1st.

About CEMIG

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.