Bayerische Motoren Werke (OTCMKTS:BAMXF) Releases Earnings Results, Beats Expectations By $0.72 EPS

Bayerische Motoren Werke (OTCMKTS:BAMXF) announced its quarterly earnings data on Wednesday. The company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.72, Zacks reports. The business had revenue of $34.50 billion for the quarter, compared to analyst estimates of $34.65 billion. Bayerische Motoren Werke had a net margin of 4.92% and a return on equity of 6.50%.

Bayerische Motoren Werke Price Performance

Shares of OTCMKTS:BAMXF remained flat at $66.50 on Thursday. 3,628 shares of the stock were exchanged, compared to its average volume of 2,511. The business has a 50-day moving average price of $64.88 and a 200-day moving average price of $79.99. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.76. The company has a market cap of $38.56 billion, a PE ratio of 5.49 and a beta of 0.71. Bayerische Motoren Werke has a 1-year low of $52.10 and a 1-year high of $113.10.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Bayerische Motoren Werke

Bayerische Motoren Werke AG, commonly known as BMW, is a German manufacturer of premium automobiles and motorcycles. Headquartered in Munich, Germany, the company operates through the BMW, MINI and Rolls-Royce automotive brands, as well as BMW Motorrad.

BMW’s product portfolio includes luxury and performance vehicles, sport utility vehicles, electric vehicles and motorcycles. The company also provides related mobility and financial services, including vehicle leasing, financing and fleet management through its financial-services operations.

Founded in 1916, BMW has developed into a global automotive group with manufacturing, sales and distribution activities across Europe, the Americas, Asia and other international markets.