Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) Projected to Post Earnings on Friday

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) is expected to be posting its results after the market closes on Friday, May 8th. Analysts expect Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) to post earnings of ($0.1729) per share and revenue of $218.06 million for the quarter.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last issued its quarterly earnings data on Sunday, February 15th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter. The company had revenue of $525.20 million for the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a net margin of 8.10% and a return on equity of 11.40%.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Performance

Shares of EDN stock opened at $24.51 on Wednesday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 5.73 and a beta of 1.45. The company’s 50 day moving average is $27.52 and its 200 day moving average is $28.93. The company has a quick ratio of 0.91, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. Empresa Distribuidora Y Comercializadora Norte S.A. has a 52-week low of $14.38 and a 52-week high of $38.10.

Hedge Funds Weigh In On Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Several institutional investors and hedge funds have recently bought and sold shares of EDN. BNP Paribas Financial Markets grew its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 634.5% in the second quarter. BNP Paribas Financial Markets now owns 277,104 shares of the utilities provider’s stock worth $7,340,000 after purchasing an additional 239,379 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 51.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 80,414 shares of the utilities provider’s stock worth $2,409,000 after purchasing an additional 27,486 shares during the last quarter. Jane Street Group LLC purchased a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the second quarter worth $455,000. State of Wisconsin Investment Board purchased a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the fourth quarter worth $473,000. Finally, Millennium Management LLC purchased a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the fourth quarter worth $366,000. 1.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EDN has been the topic of several research reports. Wall Street Zen raised shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a report on Friday, March 27th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte SA (Edenor) is Argentina’s largest electricity distribution company by customer base and network extension. Established in 1992 as part of the country’s energy sector privatization, Edenor holds the exclusive concession to distribute and sell electricity in the northern and northwestern areas of Greater Buenos Aires. The company’s shares are listed on the New York Stock Exchange under the ticker symbol EDN, reflecting its role as a key participant in Argentina’s regulated power market.

Edenor’s primary business activity is the purchase of high-voltage electricity from generators and its subsequent transformation, distribution and retail sale to end users.