E.On (OTCMKTS:EONGY) Releases Earnings Results, Hits Expectations

E.On (OTCMKTS:EONGY) released its earnings results on Wednesday. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33, reports. E.On had a return on equity of 12.27% and a net margin of 2.20%.The company had revenue of $24.95 billion for the quarter.

E.On Trading Up 1.8%

OTCMKTS EONGY opened at $23.35 on Friday. The firm’s fifty day moving average price is $20.47 and its two-hundred day moving average price is $19.07. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.44. E.On has a fifty-two week low of $12.65 and a fifty-two week high of $23.37.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of E.On in a research report on Friday, February 6th. Berenberg Bank downgraded shares of E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Zacks Research lowered shares of E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen cut E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.