Mercedes-Benz Group (OTCMKTS:MBGYY) Posts Quarterly Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYY) posted its quarterly earnings data on Tuesday. The company reported C$0.33 EPS for the quarter, Zacks reports. Mercedes-Benz Group had a net margin of 3.74% and a return on equity of 5.33%.

Mercedes-Benz Group Stock Up 2.2%

Shares of Mercedes-Benz Group stock opened at C$12.91 on Tuesday. Mercedes-Benz Group has a 1 year low of C$12.22 and a 1 year high of C$18.16. The company has a market cap of C$49.72 billion, a P/E ratio of 8.66 and a beta of 0.81. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of C$13.42 and a 200 day moving average price of C$15.13.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

About Mercedes-Benz Group

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.