Iberdrola (IBDRY) Set to Post Quarterly Earnings on Wednesday

Iberdrola (OTCMKTS:IBDRY) will likely be posting its results before the market opens on Wednesday, October 21st. Analysts expect Iberdrola to announce earnings of $1.11 per share and revenue of $12.72 billion for the quarter.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The firm had revenue of $11.93 billion during the quarter, compared to analysts’ expectations of $12.08 billion. Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. On average, analysts expect Iberdrola to post $4.65 EPS for the current fiscal year and $5.01 EPS for the next fiscal year.

Iberdrola Price Performance

IBDRY stock opened at $94.84 on Tuesday. The company has a market capitalization of $158.22 billion, a P/E ratio of 23.74, a PEG ratio of 1.71 and a beta of 0.55. Iberdrola has a twelve month low of $78.32 and a twelve month high of $100.64. The business has a 50 day simple moving average of $93.71 and a 200-day simple moving average of $94.12. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79.

Analysts Set New Price Targets

IBDRY has been the topic of a number of recent research reports. Oddo Bhf cut shares of Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Citigroup upgraded shares of Iberdrola to a “hold” rating in a research report on Friday, June 26th. Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. The Goldman Sachs Group upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. Finally, Kepler Capital Markets downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.