Enel Chile (NYSE:ENIC) Releases Earnings Results

Enel Chile (NYSE:ENIC - Get Free Report) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.05, Zacks reports. The business had revenue of $1,054.59 billion for the quarter, compared to analysts' expectations of $1,095.67 billion. Enel Chile had a net margin of 17.33% and a return on equity of 15.48%.

Enel Chile Price Performance

NYSE ENIC traded up $0.07 on Friday, hitting $3.58. 183,472 shares of the company were exchanged, compared to its average volume of 647,793. The firm has a market capitalization of $4.95 billion, a P/E ratio of 5.86 and a beta of 0.99. Enel Chile has a twelve month low of $2.51 and a twelve month high of $3.59. The company's 50 day moving average price is $3.31 and its 200-day moving average price is $3.05.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Enel Chile from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd.

About Enel Chile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.