Rheinmetall (OTCMKTS:RNMBY – Get Free Report) posted its earnings results on Thursday. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06, Zacks reports. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.58 billion. Rheinmetall had a return on equity of 21.40% and a net margin of 7.08%.
Rheinmetall Trading Down 9.8%
Shares of OTCMKTS RNMBY traded down $30.85 during midday trading on Friday, hitting $284.75. The company’s stock had a trading volume of 419,157 shares, compared to its average volume of 75,220. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $351.70 and its two-hundred day moving average is $378.28. Rheinmetall has a 12-month low of $284.32 and a 12-month high of $468.90. The firm has a market cap of $66.11 billion, a P/E ratio of 153.92 and a beta of 0.16.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on RNMBY shares. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Santander upgraded Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Finally, Zacks Research downgraded Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.
Rheinmetall Company Profile
Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.
The Defense division develops and produces a broad portfolio of products and services for armed forces.
See Also
- Five stocks we like better than Rheinmetall
- Buffett Spent 60 Years Ignoring Tech and the Bill Is Coming Due
- Excited About Gold But Unsure of Its Trajectory? Try These 3 Approaches
- Dollar at a 3-Year Low: 3 Exporters Quietly Printing Money
- Water Infrastructure: Why This Boring Sector Could Get Exciting
Receive News & Ratings for Rheinmetall Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rheinmetall and related companies with MarketBeat.com's FREE daily email newsletter.
