Enel Chile (NYSE:ENIC) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Enel Chile (NYSE:ENIC - Get Free Report) announced its quarterly earnings data on Tuesday. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05, Zacks reports. The company had revenue of $1,054.59 billion during 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 Trading Up 2.0 %

ENIC stock traded up $0.07 during trading on Friday, reaching $3.58. 1,081,096 shares of the stock were exchanged, compared to its average volume of 510,146. The business has a 50 day moving average price of $3.31 and a 200-day moving average price of $3.06. Enel Chile has a 1 year low of $2.51 and a 1 year high of $3.62. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 5.87 and a beta of 0.90.

Wall Street Analysts Forecast Growth

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

Enel Chile Company Profile

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.