Enel (OTCMKTS:ENLAY) Releases Earnings Results, Beats Estimates By $0.01 EPS

Enel (OTCMKTS:ENLAY) posted its quarterly earnings data 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 business had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.93 billion.

Enel Price Performance

Shares of OTCMKTS:ENLAY traded down $0.17 during midday trading on Friday, reaching $11.25. The company’s stock had a trading volume of 220,981 shares, compared to its average volume of 285,746. The business’s fifty day simple moving average is $11.33 and its 200-day simple moving average is $11.21. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.80 and a quick ratio of 0.72. Enel has a fifty-two week low of $8.70 and a fifty-two week high of $12.13. The company has a market capitalization of $114.38 billion, a P/E ratio of 14.80, a P/E/G ratio of 3.56 and a beta of 0.81.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ENLAY shares. Morgan Stanley reaffirmed 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 report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock 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.