Enel (OTCMKTS:ENLAY) Issues Earnings Results, Beats Estimates By $0.01 EPS

Enel (OTCMKTS:ENLAY) posted its quarterly earnings data on Thursday. The utilities provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01, Zacks reports. The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.93 billion.

Enel Stock Down 1.5%

Shares of ENLAY traded down $0.17 on Friday, hitting $11.25. 220,981 shares of the stock traded hands, compared to its average volume of 285,746. Enel has a one year low of $8.70 and a one year high of $12.13. The company has a market capitalization of $114.38 billion, a PE ratio of 14.80, a P/E/G ratio of 3.56 and a beta of 0.81. The business has a 50 day simple moving average of $11.33 and a 200 day simple moving average of $11.21. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.72 and a current ratio of 0.80.

Analyst Ratings Changes

Several equities research analysts have commented on ENLAY shares. Morgan Stanley reissued an “underweight” rating on shares of Enel in a report on Wednesday, July 1st. Citigroup reaffirmed a “neutral” rating on shares of Enel in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Enel presently has a consensus rating of “Reduce”.

Enel Company Profile

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.