Enel (ENLAY) Projected to Announce Earnings on Thursday

Enel (OTCMKTS:ENLAY) is anticipated to release its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.2029 per share and revenue of $23.9402 billion for the quarter.

Enel (OTCMKTS:ENLAY) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $23.95 billion for the quarter, compared to analyst estimates 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 Up 2.3%

Shares of ENLAY opened at $11.46 on Thursday. Enel has a 12-month low of $8.70 and a 12-month high of $12.13. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $116.51 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 3.49 and a beta of 0.81. The stock’s 50-day moving average price is $11.32 and its 200 day moving average price is $11.18.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ENLAY. Citigroup reiterated a “neutral” rating on shares of Enel in a research report on Tuesday, May 19th. Morgan Stanley restated an “underweight” rating on shares of Enel in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Enel presently has a consensus 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.