E.On (OTCMKTS:EONGY) Shares Gap Down After Earnings Miss

E.On Se (OTCMKTS:EONGY) shares gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $18.62, but opened at $17.6550. E.On shares last traded at $17.8305, with a volume of 7,758 shares trading hands.

The utilities provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). E.On had a return on equity of 12.59% and a net margin of 3.81%.The firm had revenue of $18.51 billion for the quarter, compared to analysts’ expectations of $21.43 billion.

E.On Trading Up 0.4%

The stock’s fifty day moving average price is $18.61 and its 200 day moving average price is $18.25. The stock has a market cap of $46.28 billion, a P/E ratio of 13.84, a PEG ratio of 5.58 and a beta of 0.77. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 1.46.

E.On Company Profile

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.