CEMIG (CIG) to Release Quarterly Earnings on Tuesday

CEMIG (NYSE:CIG) will be issuing its quarterly earnings data before the market opens on Tuesday, August 13th. Investors that are interested in registering for the company’s conference call can do so using this link.

CEMIG (NYSE:CIG) last released its quarterly earnings data on Tuesday, May 14th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $1.83 billion for the quarter. CEMIG had a return on equity of 22.54% and a net margin of 14.81%.

CEMIG Price Performance

Shares of NYSE CIG traded up $0.04 during midday trading on Tuesday, reaching $1.88. 1,386,965 shares of the stock traded hands, compared to its average volume of 2,562,570. The company’s 50 day moving average is $1.88 and its 200 day moving average is $1.86. CEMIG has a one year low of $1.62 and a one year high of $2.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $5.37 billion, a PE ratio of 4.71 and a beta of 1.29.

CEMIG Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, July 1st were given a dividend of $0.0275 per share. The ex-dividend date of this dividend was Monday, July 1st. This is a positive change from CEMIG’s previous dividend of $0.03. CEMIG’s dividend payout ratio (DPR) is 42.50%.

CEMIG Company Profile

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.