Wienerberger (OTCMKTS:WBRBY) Posts Quarterly Earnings Results, Meets Estimates

Wienerberger (OTCMKTS:WBRBY) released its earnings results on Thursday. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05, Zacks reports.

Wienerberger Stock Down 5.1%

OTCMKTS:WBRBY traded down $0.20 during trading hours on Thursday, hitting $3.69. The stock had a trading volume of 6,985 shares, compared to its average volume of 15,855. The business’s 50 day moving average is $3.84 and its 200-day moving average is $5.08. Wienerberger has a one year low of $3.32 and a one year high of $7.33.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WBRBY shares. Citigroup lowered shares of Wienerberger from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. BNP Paribas Exane lowered Wienerberger to a “neutral” rating in a report on Friday, July 24th. Finally, Jefferies Financial Group initiated coverage on shares of Wienerberger in a research report on Tuesday, October 13th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

About Wienerberger

Wienerberger AG is an Austrian building materials company headquartered in Vienna. Founded in 1819, the company has developed into an international supplier of products and systems used in residential, commercial and infrastructure construction. Its portfolio includes clay bricks and blocks, roof tiles, concrete and clay pavers, and related building solutions. Through businesses such as Pipelife, Steinzeug-Keramo and Semmelrock, Wienerberger also provides plastic and ceramic pipe systems, wastewater and drainage solutions, and paving products for water management and outdoor construction.