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

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

Enel Trading Down 1.5%

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

Analysts Set New Price Targets

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

About Enel

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.