E.On (OTCMKTS:EONGY) Releases Earnings Results, Misses Expectations By $0.07 EPS

E.On (OTCMKTS:EONGY) issued its earnings results on Wednesday. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07), Zacks reports. E.On had a net margin of 4.49% and a return on equity of 11.35%.

E.On Stock Performance

Shares of OTCMKTS:EONGY traded down $0.69 on Wednesday, hitting $20.96. The company had a trading volume of 316,954 shares, compared to its average volume of 220,451. E.On has a 1-year low of $17.38 and a 1-year high of $23.58. The stock has a market cap of $54.81 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 5.02 and a beta of 0.67. The stock has a 50 day moving average price of $20.12 and a 200 day moving average price of $21.23. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EONGY shares. UBS Group upgraded E.On from a “hold” rating to a “buy” rating in a report on Monday, September 7th. Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Sanford C. Bernstein raised E.On to a “strong-buy” rating in a research report on Wednesday, October 21st. Finally, Berenberg Bank raised E.On from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, E.On currently has an average rating of “Moderate Buy”.

E.On Company Profile

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. The company operates electricity distribution networks and gas networks, helping deliver energy to homes, businesses and other organizations. E.ON also supplies electricity and gas to retail and commercial customers and provides services such as energy management, energy efficiency and electric-vehicle charging. Its operations span several European countries, with a substantial presence in Germany and the United Kingdom.