E.On (OTCMKTS:EONGY) Issues Quarterly Earnings Results

E.On (OTCMKTS:EONGY) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10), Zacks reports. E.On had a return on equity of 11.54% and a net margin of 4.49%.The company had revenue of $18.89 billion for the quarter, compared to analyst estimates of $40.44 billion.

E.On Stock Performance

E.On stock opened at $21.06 on Friday. The company has a fifty day moving average price of $21.34 and a two-hundred day moving average price of $21.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.95 and a quick ratio of 0.91. E.On has a 12 month low of $17.05 and a 12 month high of $23.58. The company has a market cap of $55.06 billion, a PE ratio of 14.04, a P/E/G ratio of 4.89 and a beta of 0.71.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. DZ Bank upgraded E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research note on Friday, July 3rd. Jefferies Financial Group raised shares of E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of E.On in a research note on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, E.On currently has an average rating of “Hold”.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.