Rheinmetall (OTCMKTS:RNMBY – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.39 by $0.07, Zacks reports. Rheinmetall had a net margin of 7.08% and a return on equity of 20.49%.
Rheinmetall Stock Performance
OTCMKTS RNMBY traded down $14.10 during trading hours on Thursday, hitting $265.90. The company had a trading volume of 95,810 shares, compared to its average volume of 69,127. The company has a market cap of $62.03 billion, a PE ratio of 124.84 and a beta of 0.18. The business has a 50 day moving average of $253.28 and a 200-day moving average of $320.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04. Rheinmetall has a 1-year low of $211.20 and a 1-year high of $468.90.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Santander raised shares of 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 note on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.
About Rheinmetall
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.
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