Engie Brasl Ega (OTCMKTS:EGIEY) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Engie Brasl Ega (OTCMKTS:EGIEY) posted its earnings results on Wednesday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03), Zacks reports. Engie Brasl Ega had a net margin of 29.35% and a return on equity of 19.55%.

Engie Brasl Ega Stock Down 2.5%

Shares of EGIEY traded down $0.12 during trading hours on Wednesday, hitting $4.83. The stock had a trading volume of 65,273 shares, compared to its average volume of 51,592. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.09 and a quick ratio of 1.09. Engie Brasl Ega has a 1-year low of $4.61 and a 1-year high of $9.50. The firm has a 50 day simple moving average of $5.81 and a 200-day simple moving average of $6.33. The firm has a market capitalization of $5.52 billion, a P/E ratio of 7.36 and a beta of 0.38.

Wall Street Analyst Weigh In

Separately, Zacks Research assumed coverage on shares of Engie Brasl Ega in a research note on Wednesday, October 28th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Engie Brasl Ega Company Profile

ENGIE Brasil Energia S.A. is a Brazilian electric power company that develops and operates power-generation facilities and sells electricity to customers and energy markets. Its portfolio includes renewable sources such as hydropower, wind, solar and biomass, as well as thermal generation. Based in Brazil, the company serves customers across the country and participates in electricity commercialization and related energy activities. It was formerly known as Tractebel Energia and adopted the ENGIE Brasil Energia name in 2016.