Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported C$0.33 earnings per share (EPS) for the quarter, Zacks reports. Mercedes-Benz Group had a return on equity of 5.33% and a net margin of 3.74%.The company had revenue of C$37.27 billion for the quarter.
Mercedes-Benz Group Trading Up 2.9%
Shares of MBGYY opened at C$13.28 on Wednesday. The business’s 50-day moving average price is C$13.40 and its 200 day moving average price is C$15.10. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of C$51.15 billion, a P/E ratio of 8.91 and a beta of 0.81. Mercedes-Benz Group has a 1-year low of C$12.22 and a 1-year high of C$18.16.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Mercedes-Benz Group has a consensus rating of “Strong Buy”.
About Mercedes-Benz Group
Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.
The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.
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