Iberdrola (IBDRY) Projected to Post Quarterly Earnings on Thursday

Iberdrola (OTCMKTS:IBDRY) is anticipated to announce its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.6730 per share and revenue of $13.7640 billion for the quarter.

Iberdrola Stock Performance

IBDRY stock opened at $91.87 on Friday. The firm has a 50 day moving average of $88.49 and a two-hundred day moving average of $81.71. Iberdrola has a 12 month low of $55.92 and a 12 month high of $95.83. The company has a market capitalization of $153.45 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 2.33 and a beta of 0.71. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76.

Wall Street Analyst Weigh In

IBDRY has been the subject of a number of recent research reports. DZ Bank cut shares of Iberdrola from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently 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.