Enel (ENLAY) Expected to Post Quarterly Earnings on Thursday

Enel (OTCMKTS:ENLAY) is expected to post its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.2027 per share and revenue of $23.9402 billion for the quarter.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $26.61 billion. On average, analysts expect Enel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Enel Trading Down 0.7%

Shares of ENLAY opened at $11.20 on Wednesday. The firm has a market cap of $113.87 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 3.52 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.72 and a current ratio of 0.80. Enel has a fifty-two week low of $8.70 and a fifty-two week high of $12.13. The firm has a 50 day moving average price of $11.33 and a 200-day moving average price of $11.20.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a research report on Wednesday, July 1st. Citigroup restated a “neutral” rating on shares of Enel in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Enel has an average rating of “Reduce”.

Enel Company Profile

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.