RWE (OTCMKTS:RWEOY) Releases Earnings Results, Beats Expectations By $0.25 EPS

RWE (OTCMKTS:RWEOY) announced its earnings results on Thursday. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.59 by $0.25, Zacks reports. RWE had a net margin of 10.82% and a return on equity of 5.42%. The business had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.29 billion.

RWE Stock Performance

OTCMKTS RWEOY traded up $1.24 during trading on Friday, reaching $65.24. The company’s stock had a trading volume of 10,042 shares, compared to its average volume of 117,134. The firm has a 50 day moving average price of $61.08 and a 200 day moving average price of $52.36. RWE has a 12 month low of $33.83 and a 12 month high of $65.98. The firm has a market capitalization of $47.37 billion, a price-to-earnings ratio of 18.64 and a beta of 0.68. The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42.

Analyst Ratings Changes

Several research firms have weighed in on RWEOY. Citigroup reissued a “neutral” rating on shares of RWE in a report on Wednesday, February 11th. Sanford C. Bernstein downgraded RWE from an “outperform” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Zacks Research raised RWE from a “hold” rating to a “strong-buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.30.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.