Schneider Electric (SBGSY) Projected to Announce Earnings on Thursday

Schneider Electric (OTCMKTS:SBGSY) is projected to post its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $1.01 per share and revenue of $23.8472 billion for the quarter.

Schneider Electric Stock Down 0.2%

Shares of OTCMKTS SBGSY opened at $61.23 on Thursday. The firm’s 50-day simple moving average is $62.66 and its 200 day simple moving average is $60.45. Schneider Electric has a fifty-two week low of $48.68 and a fifty-two week high of $67.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SBGSY shares. Barclays reissued an “overweight” rating on shares of Schneider Electric in a research note on Monday, July 6th. Berenberg Bank raised shares of Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Schneider Electric currently has an average rating of “Buy”.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.