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

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 3.0 %

EBR traded up $0.21 during trading hours on Friday, hitting $7.06. 961,845 shares of the company’s stock were exchanged, compared to its average volume of 1,150,744. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $5.45 and a 1-year high of $8.92. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average is $6.20 and its two-hundred day moving average is $6.47. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 4.35 and a beta of 1.00.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The company also recently announced a — dividend, which was paid on Tuesday, January 21st. Shareholders of record on Monday, December 30th were issued 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 dividend payout ratio (DPR) is presently 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.