ENGIE (ENGIY) Projected to Announce Earnings on Friday

ENGIE (OTCMKTS:ENGIY) is projected to release its resultson Friday, July 31st. Analysts expect ENGIE to post earnings of $0.6120 per share and revenue of $17.5315 billion for the quarter.

ENGIE Price Performance

Shares of OTCMKTS:ENGIY opened at $29.70 on Thursday. ENGIE has a 12 month low of $20.18 and a 12 month high of $35.16. The business has a 50-day moving average of $31.09 and a two-hundred day moving average of $31.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.03 and a current ratio of 1.08.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ENGIY shares. Sanford C. Bernstein lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Friday, April 17th. Zacks Research downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Barclays restated an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, ENGIE currently has an average rating of “Moderate Buy”.

About ENGIE

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.