Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) released its earnings results on Wednesday. The utilities provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $1.51, Zacks reports. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 25.90% and a net margin of 14.11%. The firm had revenue of $551.43 million for the quarter. During the same period in the prior year, the firm posted ($0.48) EPS.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 6.9 %
EDN stock traded up $1.09 during midday trading on Friday, reaching $17.00. The company’s stock had a trading volume of 42,584 shares, compared to its average volume of 75,269. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1 year low of $10.06 and a 1 year high of $21.80. The firm has a market capitalization of $770.49 million, a price-to-earnings ratio of 2.68 and a beta of 1.52. The stock has a fifty day simple moving average of $16.23 and a two-hundred day simple moving average of $17.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.79.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd.
About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.
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