Iberdrola (OTCMKTS:IBDRY) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Iberdrola (OTCMKTS:IBDRY) released its earnings results on Wednesday. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02), Zacks reports. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.

Iberdrola Stock Performance

IBDRY stock traded down $0.03 on Wednesday, hitting $97.52. The company’s stock had a trading volume of 38,847 shares, compared to its average volume of 93,709. The stock has a market cap of $164.76 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.46 and a beta of 0.64. The firm has a 50 day moving average of $94.51 and a two-hundred day moving average of $92.45. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. Iberdrola has a 1 year low of $69.66 and a 1 year high of $100.64.

Analyst Ratings Changes

IBDRY has been the topic of several research analyst reports. Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Citigroup upgraded shares of Iberdrola to a “hold” rating in a research report on Friday, June 26th. Finally, Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.