Mercedes-Benz Group (OTCMKTS:MBGYY) Announces Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYY) announced its quarterly earnings data on Thursday. The company reported C$0.42 earnings per share (EPS) for the quarter, Zacks reports. Mercedes-Benz Group had a return on equity of 6.59% and a net margin of 4.51%.

Mercedes-Benz Group Stock Down 1.3%

Mercedes-Benz Group stock traded down C$0.22 during mid-day trading on Thursday, hitting C$16.88. The company had a trading volume of 61,445 shares, compared to its average volume of 232,805. The stock has a market cap of C$65.02 billion, a price-to-earnings ratio of 5.36 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.69. Mercedes-Benz Group has a 1 year low of C$12.55 and a 1 year high of C$18.16. The business has a fifty day moving average of C$17.44 and a 200 day moving average of C$16.32.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MBGYY shares. The Goldman Sachs Group raised shares of Mercedes-Benz Group to a “strong-buy” rating in a report on Monday, November 24th. HSBC raised shares of Mercedes-Benz Group to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.