Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Issues Earnings Results

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) announced its earnings results on Friday. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08), Zacks reports. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 3.0 %

Shares of NYSE EBR traded up $0.21 during trading on Friday, hitting $7.06. The stock had a trading volume of 961,845 shares, compared to its average volume of 1,150,744. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. The company has a market capitalization of $15.85 billion, a PE ratio of 7.28, a PEG ratio of 4.35 and a beta of 1.00. The firm has a fifty day moving average of $6.20 and a two-hundred day moving average of $6.47. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $5.45 and a 12 month high of $8.92.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th were issued a dividend of $0.1414 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Monday, December 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio is currently 19.59%.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.