RWE (OTCMKTS:RWEOY) Issues Earnings Results

by · The Cerbat Gem

RWE (OTCMKTS:RWEOY – Get Free Report) released its quarterly earnings data on Wednesday. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.16 by $0.66, Zacks reports. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $4.48 billion. RWE had a net margin of 11.32% and a return on equity of 4.85%.

RWE Stock Performance

Shares of RWEOY traded down $0.03 during mid-day trading on Friday, hitting $53.11. 19,629 shares of the company’s stock were exchanged, compared to its average volume of 109,057. The company has a quick ratio of 1.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The firm has a market cap of $35.92 billion, a price-to-earnings ratio of 13.83 and a beta of 0.71. The stock’s 50-day simple moving average is $46.28 and its 200-day simple moving average is $42.30. RWE has a 52 week low of $28.68 and a 52 week high of $54.52.

Wall Street Analyst Weigh In

Several brokerages recently commented on RWEOY. Sanford C. Bernstein raised shares of RWE from a “market perform” rating to an “outperform” rating in a report on Thursday, September 4th. Citigroup cut RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. BNP Paribas set a $53.30 target price on RWE and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded RWE from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $53.30.

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About RWE

(Get Free Report)

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.

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