Wienerberger (OTCMKTS:WBRBY) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Wienerberger (OTCMKTS:WBRBY) announced its quarterly earnings results on Wednesday. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09), Zacks reports.

Wienerberger Stock Performance

OTCMKTS:WBRBY traded up $0.06 during mid-day trading on Wednesday, reaching $4.86. The stock had a trading volume of 899 shares, compared to its average volume of 14,399. The stock has a 50-day simple moving average of $5.06 and a two-hundred day simple moving average of $5.61. Wienerberger has a 12 month low of $4.38 and a 12 month high of $7.74.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WBRBY. Morgan Stanley downgraded shares of Wienerberger to an “underweight” rating in a research report on Wednesday, June 10th. BNP Paribas Exane cut Wienerberger to a “neutral” rating in a report on Friday, July 24th. Finally, Citigroup downgraded Wienerberger from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Wienerberger currently has a consensus rating of “Reduce”.

About Wienerberger

Wienerberger AG is a leading international supplier of building materials and infrastructure solutions, headquartered in Vienna, Austria. The company specializes in clay blocks and facing bricks, as well as concrete and plastic pipe systems for water management and energy distribution. Wienerberger’s products are designed to meet a wide range of architectural and engineering requirements, combining durability with energy efficiency and aesthetic appeal.

In its brick division, Wienerberger offers a variety of clay brick formats under well-known brands, catering to both residential and commercial construction.