E.On (OTCMKTS:EONGY) Announces Earnings Results, Hits Estimates

E.On (OTCMKTS:EONGY) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33, reports. The business had revenue of $24.95 billion for the quarter. E.On had a net margin of 3.61% and a return on equity of 11.86%.

E.On Price Performance

OTCMKTS:EONGY traded up $0.25 during trading hours on Thursday, hitting $23.18. 247,042 shares of the company were exchanged, compared to its average volume of 247,818. E.On has a one year low of $12.65 and a one year high of $23.24. The company has a fifty day simple moving average of $20.37 and a 200 day simple moving average of $19.04. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.44.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EONGY shares. Zacks Research downgraded shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Citigroup restated a “neutral” rating on shares of E.On in a research report on Friday, February 6th. Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Wall Street Zen cut E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Finally, Berenberg Bank downgraded E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.