Rheinmetall (RNMBY) Projected to Release Quarterly Earnings on Thursday

Rheinmetall (OTCMKTS:RNMBY) is expected to announce its results before the market opens on Thursday, November 5th. Analysts expect Rheinmetall to announce earnings of $1.60 per share and revenue of $3.62 billion for the quarter.

Rheinmetall Price Performance

Shares of Rheinmetall stock opened at $223.44 on Tuesday. The company has a 50-day simple moving average of $232.76 and a two-hundred day simple moving average of $297.08. The stock has a market capitalization of $52.14 billion, a PE ratio of 76.78 and a beta of 0.18. Rheinmetall has a 52-week low of $206.50 and a 52-week high of $450.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.50 and a current ratio of 1.00.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RNMBY. Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Royal Bank Of Canada initiated coverage on Rheinmetall in a report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Finally, Berenberg Bank lowered Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Rheinmetall Company Profile

Rheinmetall AG (OTCMKTS: RNMBY) is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.

The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.