Iberdrola (OTCMKTS:IBDRY) Posts Earnings Results, Misses Expectations By $0.06 EPS

Iberdrola (OTCMKTS:IBDRY) announced its quarterly earnings data on Wednesday. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.06), Zacks reports. Iberdrola had a return on equity of 9.88% and a net margin of 15.59%.

Iberdrola Stock Up 0.7%

Shares of OTCMKTS:IBDRY traded up $0.67 during trading on Wednesday, hitting $96.64. 27,491 shares of the company’s stock traded hands, compared to its average volume of 87,347. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $93.73 and a 200-day moving average price of $94.14. Iberdrola has a 52 week low of $78.32 and a 52 week high of $100.64. The company has a market cap of $161.22 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.66 and a beta of 0.55.

Analysts Set New Price Targets

Several research firms have recently issued reports on IBDRY. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Iberdrola to a “buy” rating in a research report on Tuesday, September 29th. Kepler Capital Markets cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Citigroup upgraded shares of Iberdrola to a “hold” rating in a report on Friday, June 26th. Finally, Oddo Bhf downgraded shares of Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Iberdrola currently has a consensus rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.