Mercedes-Benz Group (OTCMKTS:MBGYY) Releases Quarterly Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYY) released its quarterly earnings results on Tuesday. The company reported C$0.33 EPS for the quarter, Zacks reports. Mercedes-Benz Group had a return on equity of 5.33% and a net margin of 3.74%.

Mercedes-Benz Group Trading Up 2.2%

OTCMKTS MBGYY opened at C$12.91 on Tuesday. Mercedes-Benz Group has a 12 month low of C$12.22 and a 12 month high of C$18.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market capitalization of C$49.72 billion, a price-to-earnings ratio of 8.66 and a beta of 0.81. The company’s fifty day moving average price is C$13.42 and its two-hundred day moving average price is C$15.13.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Four analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Mercedes-Benz Group presently has a consensus rating of “Strong Buy”.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.