Engie Brasl Ega (OTCMKTS:EGIEY) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Engie Brasl Ega (OTCMKTS:EGIEY) announced its earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03), Zacks reports. Engie Brasl Ega had a net margin of 29.35% and a return on equity of 19.55%.

Engie Brasl Ega Trading Down 2.4%

Shares of OTCMKTS EGIEY traded down $0.12 during midday trading on Wednesday, hitting $4.84. The company’s stock had a trading volume of 66,638 shares, compared to its average volume of 51,633. Engie Brasl Ega has a 12-month low of $4.61 and a 12-month high of $9.50. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75. The firm has a market cap of $5.53 billion, a P/E ratio of 7.37 and a beta of 0.38. The business’s 50 day moving average is $5.81 and its two-hundred day moving average is $6.33.

Analyst Upgrades and Downgrades

Separately, Zacks Research began coverage on Engie Brasl Ega in a research report on Wednesday, October 28th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, Engie Brasl Ega has a consensus rating of “Hold”.

About Engie Brasl Ega

ENGIE Brasil Energia S.A. is a Brazilian electric power company that develops and operates power-generation facilities and sells electricity to customers and energy markets. Its portfolio includes renewable sources such as hydropower, wind, solar and biomass, as well as thermal generation. Based in Brazil, the company serves customers across the country and participates in electricity commercialization and related energy activities. It was formerly known as Tractebel Energia and adopted the ENGIE Brasil Energia name in 2016.