Brokerages Expect Empresa Distribuidora y Cmrz Nrt SA (EDN) Will Announce Earnings of $0.85 Per Share

Equities analysts expect Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) to post earnings per share (EPS) of $0.85 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Empresa Distribuidora y Cmrz Nrt’s earnings. The company is scheduled to report its next quarterly earnings results on Wednesday, March 28th.

On average, analysts expect that Empresa Distribuidora y Cmrz Nrt will report full-year earnings of $0.85 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.57 per share, with EPS estimates ranging from $4.46 to $6.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Empresa Distribuidora y Cmrz Nrt.

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A number of equities analysts recently issued reports on EDN shares. Santander downgraded Empresa Distribuidora y Cmrz Nrt from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Zacks Investment Research raised Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Thursday, March 8th. Finally, TheStreet raised Empresa Distribuidora y Cmrz Nrt from a “d+” rating to a “c-” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $64.00.

Shares of EDN stock traded down $0.53 during trading on Wednesday, hitting $56.72. The stock had a trading volume of 9,816 shares, compared to its average volume of 56,720. Empresa Distribuidora y Cmrz Nrt has a 1-year low of $28.88 and a 1-year high of $63.29. The company has a debt-to-equity ratio of 9.86, a current ratio of 0.74 and a quick ratio of 0.71.

A number of institutional investors and hedge funds have recently made changes to their positions in EDN. Dorsey Wright & Associates boosted its holdings in Empresa Distribuidora y Cmrz Nrt by 37.5% in the fourth quarter. Dorsey Wright & Associates now owns 301,791 shares of the utilities provider’s stock valued at $14,999,000 after purchasing an additional 82,245 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Empresa Distribuidora y Cmrz Nrt by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 380,297 shares of the utilities provider’s stock valued at $18,901,000 after purchasing an additional 65,671 shares in the last quarter. Barings LLC acquired a new position in Empresa Distribuidora y Cmrz Nrt in the fourth quarter valued at approximately $2,162,000. Caxton Associates LP acquired a new position in Empresa Distribuidora y Cmrz Nrt in the fourth quarter valued at approximately $1,819,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Empresa Distribuidora y Cmrz Nrt in the fourth quarter valued at approximately $1,273,000. 7.26% of the stock is owned by hedge funds and other institutional investors.

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About Empresa Distribuidora y Cmrz Nrt

Empresa Distribuidora y Comercializadora Norte SA is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires.

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