Enel (OTCMKTS:ENLAY – Get Free Report) released its quarterly earnings results on Thursday. The utilities provider reported $0.21 EPS 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 analyst estimates of $23.93 billion.
Enel Price Performance
Enel stock 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 company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.16. The stock has a market cap of $114.38 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 3.56 and a beta of 0.81. Enel has a 52 week low of $8.70 and a 52 week high of $12.13. The business has a 50-day moving average price of $11.33 and a 200-day moving average price of $11.21.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a research report on Wednesday, July 1st. Citigroup reissued a “neutral” rating on shares of Enel in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, 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.
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