Iberdrola (IBDRY) Projected to Release Quarterly Earnings on Wednesday

Iberdrola (OTCMKTS:IBDRY) is anticipated to release its results before the market opens on Wednesday, July 22nd. Analysts expect the company to announce earnings of $1.16 per share and revenue of $12.0840 billion for the quarter.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%. On average, analysts expect Iberdrola to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Iberdrola Stock Down 0.0%

Shares of Iberdrola stock opened at $97.02 on Tuesday. The firm has a market cap of $163.91 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.46 and a beta of 0.64. The stock has a 50-day simple moving average of $94.28 and a 200-day simple moving average of $92.30. Iberdrola has a 52-week low of $69.66 and a 52-week high of $100.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78.

Analyst Ratings Changes

IBDRY has been the topic of several recent research reports. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Barclays raised shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Finally, Citigroup upgraded shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.