Rheinmetall (OTCMKTS:RNMBY) Releases Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Rheinmetall (OTCMKTS:RNMBY) issued its quarterly earnings data on Thursday. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.22), Zacks reports. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Rheinmetall had a net margin of 6.45% and a return on equity of 22.39%.

Rheinmetall Price Performance

Shares of RNMBY stock traded down $5.20 on Friday, hitting $180.90. 45,865 shares of the stock traded hands, compared to its average volume of 71,533. The firm has a market cap of $42.21 billion, a price-to-earnings ratio of 62.16 and a beta of 0.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50. The firm has a 50 day simple moving average of $229.48 and a two-hundred day simple moving average of $293.57. Rheinmetall has a 52 week low of $179.73 and a 52 week high of $450.00.

Analyst Upgrades and Downgrades

RNMBY has been the subject of a number of research reports. Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Berenberg Bank lowered Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Royal Bank Of Canada assumed coverage on shares of Rheinmetall in a research report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Rheinmetall Company Profile

Rheinmetall AG (OTCMKTS: RNMBY) is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.

The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.