E.On (OTCMKTS:EONGY) Shares Gap Down After Earnings Miss

E.On Se (OTCMKTS:EONGY)’s stock price gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $21.65, but opened at $20.94. E.On shares last traded at $20.95, with a volume of 81,226 shares trading hands.

The utilities provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). E.On had a return on equity of 11.35% and a net margin of 4.49%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EONGY shares. Berenberg Bank raised E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. UBS Group upgraded E.On from a “hold” rating to a “buy” rating in a report on Monday, September 7th. Sanford C. Bernstein raised shares of E.On to a “strong-buy” rating in a research report on Wednesday, October 21st. Finally, Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, E.On has a consensus rating of “Moderate Buy”.

E.On Trading Down 3.2%

The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. The company has a market cap of $54.77 billion, a PE ratio of 13.97, a PEG ratio of 5.02 and a beta of 0.67. The stock has a 50 day moving average price of $20.12 and a 200 day moving average price of $21.23.

About E.On

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. The company operates electricity distribution networks and gas networks, helping deliver energy to homes, businesses and other organizations. E.ON also supplies electricity and gas to retail and commercial customers and provides services such as energy management, energy efficiency and electric-vehicle charging. Its operations span several European countries, with a substantial presence in Germany and the United Kingdom.