Electricité de France S.A. Expected to Earn FY2024 Earnings of $0.36 Per Share (OTCMKTS:ECIFY)

Electricité de France S.A. (OTCMKTS:ECIFYGet Rating) – Analysts at Jefferies Financial Group issued their FY2024 earnings per share (EPS) estimates for Electricité de France in a research report issued to clients and investors on Wednesday, August 3rd. Jefferies Financial Group analyst A. Farman forecasts that the company will post earnings per share of $0.36 for the year. The consensus estimate for Electricité de France’s current full-year earnings is ($0.77) per share. Jefferies Financial Group also issued estimates for Electricité de France’s FY2025 earnings at $0.26 EPS and FY2026 earnings at $0.22 EPS.

ECIFY has been the topic of several other reports. HSBC lowered Electricité de France from a “hold” rating to a “reduce” rating in a research report on Monday, June 6th. Barclays lowered Electricité de France from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 25th. JPMorgan Chase & Co. lowered Electricité de France from an “overweight” rating to a “neutral” rating in a research report on Friday, July 29th. Finally, Cheuvreux downgraded Electricité de France from a “buy” rating to a “hold” rating and set a €12.00 ($12.37) target price for the company. in a research note on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Electricité de France presently has a consensus rating of “Hold” and an average price target of $11.57.

Electricité de France Price Performance

OTCMKTS:ECIFY opened at $2.38 on Thursday. The business’s 50-day moving average is $1.90 and its two-hundred day moving average is $1.87. Electricité de France has a 12 month low of $1.47 and a 12 month high of $3.02.

Electricité de France Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 28th. Shareholders of record on Monday, May 23rd were paid a $0.0399 dividend. The ex-dividend date of this dividend was Friday, May 20th. This represents a yield of 9.12%.

About Electricité de France

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Electricité de France SA, an integrated energy company, engages in the power generation, transmission, distribution, supply, and trading activities in France, the United Kingdom, Italy, and internationally. The company generates electricity through nuclear, fossil fuel, hydro, solar, wind, biomass, biogas, thermal, and cogeneration plants.

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