Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Issues Quarterly Earnings Results

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) posted its quarterly earnings data on Friday. The utilities provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08), Zacks reports. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 3.1 %

Shares of NYSE EBR traded up $0.22 during mid-day trading on Friday, hitting $7.07. The company’s stock had a trading volume of 951,955 shares, compared to its average volume of 1,150,639. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 4.35 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $5.45 and a one year high of $8.92. The company’s fifty day simple moving average is $6.20 and its 200-day simple moving average is $6.47.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th were paid a $0.1414 dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Monday, December 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio (DPR) is presently 19.59%.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.