Companhia Energetica de Minas Gerais S.A. (CIG) has Current Market Capitalizaion of $4.9 Billion


Companhia Energetica de Minas Gerais S.A. (CIG) reported its last quarter results on 03/29/2016. This Company belongs to Utilities sector.

In the last trading session, The Company traded 6.67 Million shares. The Stock Market opened sessions at 3.8 and closed at 3.7. There was a stock increase by 0.82 percent.

According to Yahoo Finance, the price target for the company which analysts are aiming is 3.2. The 1-year price target of the company is 1.92.

Investors expected a price target of 0.03 for this quarter.  Zacks Investment Research gave Companhia Energetica de Minas Gerais S.A. (CIG) a rating of 1 on a scale of 1 to 5. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell.

Considering the performance, Companhia Energetica de Minas Gerais S.A. (CIG)’s shares have the potential to reach a high EPS of 0.07 per share, and a low EPS of 0.07 per share in the current quarter. All of these Earnings estimates are a consensus recommendation of 1 Analysts. According to them, the median (average) EPS the company could deliver is 0.07/share. While the actual EPS the company reported in the same quarter previous year was 0.04/share.

For the quarter ending 11/13/2015, The Analyst projected that the company could deliver EPS of 0.05 while the company provided its Actual EPS of 0.41 showing a difference of 0.36 Percent between the Estimated and Actual EPS. Hence, the surprise factor was 720 percent.

Analysts estimated $0.13/share for the previous Quarter, where Companhia Energetica de Minas Gerais S.A. (CIG) reported Actual EPS of $0.11/share with the difference of -0.02 percent and a surprise of -15.4 percent.

The 10 analysts offering 12-month price forecasts for Companhia Energetica de Minas Gerais CEMIG have a median target of 3.18, with a high estimate of 3.87 and a low estimate of 1.60. The median estimate represents a -14.06% decrease from the last price of 3.70.

For the current quarter, the highest estimate analysts provided is 1.52 Billion and the lowest is 1.52 Billion. These 1 Analysts are also projecting the mean revenue estimate of 1.52 Billion. The year ago sales the company reported in the same quarter is 1.37 Billion.

While Looking at Sales Growth (Year/est), the company is currently showing a percentage value of -69.6 percent.

Companhia Energetica de Minas Gerais S.A. (CIG) topped its 52-week high price target of 3.84 on Mar 17, 2017. The company reached a 52-week low at 1.4 on May 23, 2016.

The company’s stock currently has 4.9 Billion in market capitalization. The volatility rate is 4.75% percent and 4.67% percent each. Price per earning (ttm) stands at 15.61.

This year, the company showed a disappointed -69.6 percent of growth. The next year’s growth is calculated to be 85.7 percent. The company projects a long term annual growth estimate of 0 percent.

The company’s growth for the past 5 years has been at -13.63 percent. The Insider Ownership of the company currently is 1 percent, and Institutional Ownership is 15.6 percent.

Company Profile:

CEMIG SA -ADR is active in the generation, transmission, distribution and commercialization business, Cemig continues to invest in the expansion of its services and in new technologies so as to remain a top notch company nationwide.  Using power sources such as hydraulic, thermal, wind and solar power and even other more advanced technologies, such as hydrogen fuel cells, Cemig goes on providing, under any circumstances, alternatives for the supply and commercialization of electric energy.