Analysts Anticipate Companhia Paranaense de Energia (NYSE:ELP) to Announce $0.20 EPS

Equities analysts expect Companhia Paranaense de Energia (NYSE:ELP) to report earnings of $0.20 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Companhia Paranaense de Energia’s earnings. Companhia Paranaense de Energia reported earnings per share of $0.33 during the same quarter last year, which indicates a negative year-over-year growth rate of 39.4%. The company is expected to announce its next quarterly earnings results on Friday, November 8th.

According to Zacks, analysts expect that Companhia Paranaense de Energia will report full year earnings of $1.56 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report earnings of $1.95 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Companhia Paranaense de Energia.

Companhia Paranaense de Energia (NYSE:ELP) last released its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.33 earnings per share for the quarter. Companhia Paranaense de Energia had a net margin of 10.16% and a return on equity of 9.34%. The business had revenue of $935.04 million during the quarter.

ELP has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Companhia Paranaense de Energia from a “neutral” rating to an “overweight” rating in a research note on Monday, August 26th. ValuEngine lowered shares of Companhia Paranaense de Energia from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Bank of America upgraded shares of Companhia Paranaense de Energia from an “underperform” rating to a “neutral” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold”.

Companhia Paranaense de Energia stock opened at $12.87 on Wednesday. Companhia Paranaense de Energia has a 1-year low of $6.52 and a 1-year high of $13.73. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 1.05 and a beta of 0.41. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $12.30 and a 200 day simple moving average of $11.93.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its position in shares of Companhia Paranaense de Energia by 98.1% during the 2nd quarter. Advisor Group Inc. now owns 3,445 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 1,706 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Companhia Paranaense de Energia by 154.1% during the 2nd quarter. Parallel Advisors LLC now owns 3,936 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 2,387 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Companhia Paranaense de Energia by 3.1% during the 2nd quarter. Acadian Asset Management LLC now owns 113,471 shares of the utilities provider’s stock valued at $1,440,000 after purchasing an additional 3,401 shares in the last quarter. Royal Bank of Canada grew its position in shares of Companhia Paranaense de Energia by 3,435.3% during the 2nd quarter. Royal Bank of Canada now owns 5,303 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 5,153 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Companhia Paranaense de Energia during the 2nd quarter valued at $66,000. Institutional investors and hedge funds own 1.22% of the company’s stock.

About Companhia Paranaense de Energia

Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of ParanĂ¡, Brazil. As of December 31, 2017, the company operated 17 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,024.0 megawatts; and owned and operated 2,698.3 kilometers of transmission lines and 196,951.2 kilometers of distribution lines.

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