Siemens (SIEGY) Expected to Announce Quarterly Earnings on Wednesday

Siemens (OTCMKTS:SIEGY) is expected to issue its results before the market opens on Wednesday, May 13th. Analysts expect the company to announce earnings of $1.56 per share and revenue of $23.5047 billion for the quarter.

Siemens (OTCMKTS:SIEGY) last posted its earnings results on Thursday, February 12th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.23. The company had revenue of $22.70 billion during the quarter, compared to analyst estimates of $18.95 billion. Siemens had a return on equity of 11.90% and a net margin of 9.93%. On average, analysts expect Siemens to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Siemens Price Performance

Siemens stock opened at $157.81 on Tuesday. Siemens has a 1 year low of $115.56 and a 1 year high of $161.80. The company has a current ratio of 1.38, a quick ratio of 1.15 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $246.81 billion, a P/E ratio of 27.92 and a beta of 1.39. The business has a 50-day moving average of $134.51 and a 200-day moving average of $139.50.

Analyst Upgrades and Downgrades

SIEGY has been the topic of several recent analyst reports. Kepler Capital Markets cut Siemens from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Santander upgraded Siemens from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. Citigroup reiterated a “buy” rating on shares of Siemens in a report on Friday, February 13th. HSBC upgraded Siemens from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Finally, Zacks Research upgraded Siemens from a “strong sell” rating to a “hold” rating in a report on Thursday, January 15th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Siemens has a consensus rating of “Hold”.

About Siemens

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.