Enel Chile (NYSE:ENIC) Releases Earnings Results, Misses Expectations By $0.48 EPS

Enel Chile (NYSE:ENIC - Get Free Report) issued its quarterly earnings results on Thursday. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.48), Zacks reports. The business had revenue of $398.48 million for the quarter, compared to analysts' expectations of $1,205 billion. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%.

Enel Chile Price Performance

Enel Chile stock traded up $0.06 during trading hours on Monday, hitting $3.31. 527,731 shares of the stock traded hands, compared to its average volume of 493,241. Enel Chile has a 1 year low of $2.51 and a 1 year high of $3.49. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 5.43 and a beta of 1.12. The firm's 50 day moving average price is $3.08 and its 200-day moving average price is $2.87.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded shares of Enel Chile from a "sector outperform" rating to a "sector perform" rating and set a $3.90 target price on the stock. in a research report on Friday, November 22nd.

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.