Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) issued its earnings results on Friday. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08), Zacks reports. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 3.1 %

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock traded up $0.22 during midday trading on Friday, hitting $7.07. 951,955 shares of the stock were exchanged, compared to its average volume of 1,150,639. The company has a fifty day simple moving average of $6.20 and a two-hundred day simple moving average of $6.47. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52 week low of $5.45 and a 52 week high of $8.92. The stock has a market capitalization of $15.87 billion, a PE ratio of 7.28, a P/E/G ratio of 4.35 and a beta of 1.00. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 30th were paid a dividend of $0.1414 per share. This represents a yield of 1%. The ex-dividend date was Monday, December 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s payout ratio is 19.59%.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.