Enel (OTCMKTS:ENLAY) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Enel (OTCMKTS:ENLAY) posted its quarterly earnings results on Thursday. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04), Zacks reports. The firm had revenue of $21.98 billion for the quarter, compared to the consensus estimate of $18.81 billion. Enel had a net margin of 7.78% and a return on equity of 12.47%.

Enel Stock Up 1.0%

Enel stock traded up $0.10 during mid-day trading on Friday, reaching $10.39. The stock had a trading volume of 1,834,196 shares, compared to its average volume of 415,048. Enel has a one year low of $6.82 and a one year high of $10.53. The company has a 50-day moving average price of $9.69 and a two-hundred day moving average price of $9.31. The company has a market capitalization of $105.63 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 5.21 and a beta of 0.95. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.71.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ENLAY. Zacks Research cut Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Oddo Bhf cut shares of Enel to a “neutral” rating in a research report on Friday. HSBC cut shares of Enel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Hsbc Global Res upgraded Enel to a “hold” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Enel presently has an average rating of “Hold”.

About Enel

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.