RWE (OTCMKTS:RWEOY) Releases Earnings Results, Beats Expectations By $0.25 EPS

RWE (OTCMKTS:RWEOY) released its earnings results on Thursday. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.25, Zacks reports. RWE had a return on equity of 5.42% and a net margin of 10.82%.The company had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.29 billion.

RWE Price Performance

OTCMKTS:RWEOY traded up $1.24 on Friday, hitting $65.24. The company had a trading volume of 10,042 shares, compared to its average volume of 117,134. The firm has a 50 day moving average of $61.08 and a two-hundred day moving average of $52.36. The stock has a market capitalization of $47.37 billion, a price-to-earnings ratio of 18.64 and a beta of 0.68. RWE has a 52 week low of $33.83 and a 52 week high of $65.98. The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42.

Analyst Upgrades and Downgrades

RWEOY has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating on shares of RWE in a report on Wednesday, February 11th. Sanford C. Bernstein downgraded RWE from an “outperform” rating to a “hold” rating in a report on Friday, February 13th. Finally, Zacks Research raised RWE from a “hold” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.30.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.