Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Releases Earnings Results

Key Points

• Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) reported an earnings per share (EPS) of $1.85 for the latest quarter, with a net margin of 10.61% and a return on equity of 18.30%.
• The company's stock price increased by 0.8% to $28.48, with a market cap of $1.29 billion and a price-to-earnings ratio of 5.06.
• Wall Street Zen upgraded Edenor from a "hold" rating to a "buy" rating, indicating positive sentiment towards the company's future performance.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) issued its earnings results on Monday. The utilities provider reported $1.85 EPS for the quarter, Zacks reports. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a net margin of 10.61% and a return on equity of 18.30%.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Trading Up 0.8%

NYSE:EDN traded up $0.22 during trading hours on Monday, hitting $28.48. The stock had a trading volume of 69,387 shares, compared to its average volume of 151,793. Empresa Distribuidora Y Comercializadora Norte S.A. has a one year low of $16.64 and a one year high of $51.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.71 and a current ratio of 0.85. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 5.06 and a beta of 1.49. The business's 50 day moving average is $27.83 and its 200-day moving average is $31.71.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.

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