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

Enel (OTCMKTS:ENLAY) issued its earnings results on Thursday. The utilities provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01, Zacks reports.

Enel Price Performance

Shares of ENLAY remained flat at $10.91 during midday trading on Thursday. The stock had a trading volume of 334,268 shares, compared to its average volume of 527,286. The firm has a fifty day simple moving average of $10.23 and a 200-day simple moving average of $10.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.71 and a quick ratio of 0.63. Enel has a twelve month low of $9.62 and a twelve month high of $12.13. The stock has a market cap of $108.42 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 1.88 and a beta of 0.74.

Analyst Ratings Changes

Separately, Zacks Research raised Enel from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Enel currently has a consensus rating of “Hold”.

About Enel

Enel S.p.A. is an Italian energy company headquartered in Rome. Established in 1962 as Italy’s national electricity utility, it has since expanded into an international business serving customers across Europe and the Americas. The company generates and sells electricity and supplies natural gas. Its activities also include operating electricity distribution networks and developing renewable energy projects through its Enel Green Power business, which focuses on sources such as wind, solar, hydroelectric and geothermal power.