Rheinmetall (OTCMKTS:RNMBY – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06, Zacks reports. Rheinmetall had a net margin of 6.64% and a return on equity of 20.97%.
Rheinmetall Trading Down 5.6%
Shares of RNMBY traded down $18.64 during trading hours on Thursday, reaching $315.60. 182,866 shares of the company traded hands, compared to its average volume of 70,478. The firm has a market cap of $73.28 billion, a price-to-earnings ratio of 170.59 and a beta of 0.16. The stock’s fifty day moving average price is $353.53 and its 200 day moving average price is $378.80. Rheinmetall has a 12-month low of $306.69 and a 12-month high of $468.90. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21.
Analyst Ratings Changes
RNMBY has been the subject of a number of analyst reports. Santander upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday. Zacks Research lowered shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rheinmetall presently has an average rating of “Moderate Buy”.
Rheinmetall Company Profile
Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.
The Defense division develops and produces a broad portfolio of products and services for armed forces.
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