Iberdrola (OTCMKTS:IBDRY) Announces Earnings Results, Misses Estimates By $0.02 EPS

Iberdrola (OTCMKTS:IBDRY) announced its quarterly earnings data on Wednesday. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02), Zacks reports. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%.

Iberdrola Trading Down 0.0%

OTCMKTS:IBDRY traded down $0.03 during trading hours on Wednesday, reaching $97.52. 38,847 shares of the company were exchanged, compared to its average volume of 93,709. The firm has a market cap of $164.76 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.46 and a beta of 0.64. The stock has a 50 day simple moving average of $94.51 and a 200 day simple moving average of $92.45. Iberdrola has a 52-week low of $69.66 and a 52-week high of $100.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup upgraded shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th. Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Finally, Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Iberdrola has an average rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.