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

Engie Brasl Ega (OTCMKTS:EGIEY) posted its earnings results on Wednesday. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 2.5%

Shares of EGIEY traded down $0.12 during trading hours on Wednesday, hitting $4.83. The company had a trading volume of 65,273 shares, compared to its average volume of 51,592. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.75. Engie Brasl Ega has a 52-week low of $4.61 and a 52-week high of $9.50. The stock’s 50 day moving average price is $5.81 and its 200 day moving average price is $6.33. The firm has a market cap of $5.52 billion, a P/E ratio of 7.36 and a beta of 0.38.

Wall Street Analyst Weigh In

Separately, Zacks Research assumed coverage on Engie Brasl Ega in a research report on Wednesday, October 28th. They issued a “hold” rating on the stock. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average 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.