E.On (EONGY) Expected to Announce Quarterly Earnings on Wednesday

E.On (OTCMKTS:EONGY) will likely be releasing its results before the market opens on Wednesday, February 25th. Analysts expect E.On to post earnings of $0.3303 per share for the quarter.

E.On Price Performance

OTCMKTS:EONGY opened at $21.90 on Tuesday. The business’s fifty day moving average is $20.19 and its 200 day moving average is $18.99. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.44. E.On has a 52-week low of $12.60 and a 52-week high of $22.18.

Wall Street Analyst Weigh In

EONGY has been the topic of several analyst reports. Zacks Research cut E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Wall Street Zen lowered shares of E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Berenberg Bank lowered shares of E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of E.On in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About E.On

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.