Iberdrola (IBDRY) to Release Earnings on Thursday

Iberdrola (OTCMKTS:IBDRY) will likely be issuing its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.6730 per share and revenue of $13.7640 billion for the quarter.

Iberdrola Stock Performance

Shares of Iberdrola stock opened at $91.87 on Friday. Iberdrola has a 12 month low of $55.92 and a 12 month high of $95.83. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76. The stock has a market cap of $153.45 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.71. The business has a fifty day simple moving average of $88.49 and a 200-day simple moving average of $81.71.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. DZ Bank lowered shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently 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.