E.On (OTCMKTS:EONGY) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

E.On (OTCMKTS:EONGY) announced its quarterly earnings results on Wednesday. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11, Zacks reports. E.On had a net margin of 2.20% and a return on equity of 12.06%.

E.On Trading Up 3.2%

OTCMKTS EONGY traded up $0.68 on Wednesday, hitting $22.04. 107,050 shares of the company were exchanged, compared to its average volume of 184,383. The company’s 50 day moving average price is $22.25 and its 200-day moving average price is $20.44. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.79 and a quick ratio of 0.74. The firm has a market capitalization of $57.62 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 4.09 and a beta of 0.74. E.On has a twelve month low of $16.57 and a twelve month high of $23.58.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EONGY shares. Wall Street Zen downgraded shares of E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Berenberg Bank downgraded shares of E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Citigroup reissued a “neutral” rating on shares of E.On in a report on Friday, February 6th. Zacks Research downgraded shares of E.On from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Finally, DZ Bank downgraded shares of E.On from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.