E.On (OTCMKTS:EONGY) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

E.On (OTCMKTS:EONGY) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11, Zacks reports. E.On had a net margin of 4.58% and a return on equity of 12.71%. The business had revenue of $25.55 billion during the quarter, compared to analyst estimates of $35.38 billion.

E.On Trading Down 3.9%

OTCMKTS EONGY traded down $0.84 during mid-day trading on Friday, reaching $20.73. 95,593 shares of the stock were exchanged, compared to its average volume of 182,905. E.On has a 1-year low of $16.68 and a 1-year high of $23.58. The business’s fifty day simple moving average is $22.24 and its 200 day simple moving average is $20.49. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.74 and a current ratio of 0.79. The stock has a market capitalization of $54.19 billion, a PE ratio of 13.55, a PEG ratio of 4.20 and a beta of 0.74.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EONGY. DZ Bank upgraded E.On from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Zacks Research cut shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Bank of America cut E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Berenberg Bank downgraded E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Citigroup reiterated a “neutral” rating on shares of E.On in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.