Iberdrola (OTCMKTS:IBDRY) Issues Quarterly Earnings Results

Iberdrola (OTCMKTS:IBDRY) announced its quarterly earnings results on Wednesday. The utilities provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.03), Zacks reports. The company had revenue of $13.76 billion for the quarter, compared to analyst estimates of $13.76 billion. Iberdrola had a return on equity of 8.99% and a net margin of 12.10%.

Iberdrola Price Performance

OTCMKTS IBDRY traded down $2.00 during trading hours on Thursday, hitting $94.40. 48,975 shares of the company’s stock traded hands, compared to its average volume of 92,676. Iberdrola has a 52-week low of $57.08 and a 52-week high of $96.50. The company has a market capitalization of $157.67 billion, a PE ratio of 26.15, a PEG ratio of 2.33 and a beta of 0.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.81 and a quick ratio of 0.72. The firm’s 50-day moving average is $89.29 and its 200-day moving average is $82.40.

Analyst Ratings Changes

Several research firms have commented on IBDRY. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.