Rheinmetall (OTCMKTS:RNMBY – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06, Zacks reports. Rheinmetall had a return on equity of 21.40% and a net margin of 7.08%.The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.58 billion.
Rheinmetall Stock Performance
OTCMKTS RNMBY traded down $30.85 on Friday, reaching $284.75. The stock had a trading volume of 419,157 shares, compared to its average volume of 75,220. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.20. Rheinmetall has a 12-month low of $284.32 and a 12-month high of $468.90. The business’s 50-day moving average price is $351.70 and its 200 day moving average price is $378.28. The stock has a market cap of $66.11 billion, a P/E ratio of 153.92 and a beta of 0.16.
Analyst Ratings Changes
Several brokerages recently issued reports on RNMBY. Santander upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Zacks Research downgraded Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rheinmetall has an average rating of “Moderate Buy”.
Rheinmetall Company Profile
Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.
The Defense division develops and produces a broad portfolio of products and services for armed forces.
See Also
- Five stocks we like better than Rheinmetall
- Buffett Spent 60 Years Ignoring Tech and the Bill Is Coming Due
- Excited About Gold But Unsure of Its Trajectory? Try These 3 Approaches
- Dollar at a 3-Year Low: 3 Exporters Quietly Printing Money
- Water Infrastructure: Why This Boring Sector Could Get Exciting
Receive News & Ratings for Rheinmetall Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rheinmetall and related companies with MarketBeat.com's FREE daily email newsletter.
