RWE (OTCMKTS:RWEOY) Posts Earnings Results, Beats Expectations By $0.35 EPS

RWE (OTCMKTS:RWEOY) issued its earnings results on Thursday. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.35, Zacks reports. RWE had a net margin of 15.16% and a return on equity of 4.77%.

RWE Stock Performance

RWEOY traded up $1.94 on Thursday, reaching $68.28. The stock had a trading volume of 31,451 shares, compared to its average volume of 86,496. The business’s 50-day moving average price is $64.74 and its two-hundred day moving average price is $65.21. The company has a market cap of $49.58 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.57 and a beta of 0.62. RWE has a 12-month low of $39.15 and a 12-month high of $74.10. The company has a current ratio of 1.26, a quick ratio of 1.22 and a debt-to-equity ratio of 0.38.

Analyst Upgrades and Downgrades

RWEOY has been the topic of several analyst reports. Citigroup reaffirmed a “neutral” rating on shares of RWE in a research report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating on shares of RWE in a research note on Thursday, July 23rd. BNP Paribas Exane lowered RWE from an “outperform” rating to a “neutral” rating in a report on Thursday, May 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of RWE in a research report on Thursday, July 9th. Finally, Zacks Research lowered RWE from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, RWE has an average rating of “Hold” and a consensus price target of $53.30.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.