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

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

Enel Stock Down 1.5%

Shares of Enel stock traded down $0.17 during trading on Friday, hitting $11.25. 220,981 shares of the stock traded hands, compared to its average volume of 285,746. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.16. The stock’s fifty day simple moving average is $11.33 and its 200 day simple moving average is $11.21. The firm has a market cap of $114.38 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 3.56 and a beta of 0.81. Enel has a 52-week low of $8.70 and a 52-week high of $12.13.

Analysts Set New Price Targets

ENLAY has been the topic of a number of research reports. Citigroup reaffirmed a “neutral” rating on shares of Enel in a research report on Tuesday, May 19th. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Enel currently has an average 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.