Companhia Paranaense de Energia – COPEL (NYSE:ELP) Releases Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Companhia Paranaense de Energia – COPEL (NYSE:ELP) posted its quarterly earnings results on Friday. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23), Zacks reports. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%.

Companhia Paranaense de Energia – COPEL Price Performance

ELP stock traded down $0.28 during midday trading on Friday, hitting $6.67. 484,731 shares of the stock were exchanged, compared to its average volume of 268,813. The stock’s 50-day moving average price is $6.42 and its 200-day moving average price is $6.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 9.94 and a beta of 1.00. Companhia Paranaense de Energia – COPEL has a fifty-two week low of $5.72 and a fifty-two week high of $8.30.

About Companhia Paranaense de Energia – COPEL

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.