RWE (OTCMKTS:RWEOY) Issues Earnings Results

RWE (OTCMKTS:RWEOY) 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.

About RWE

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.