RWE (OTCMKTS:RWEOY) Announces Quarterly Earnings Results

RWE (OTCMKTS:RWEOY) released its quarterly earnings results on Thursday. The utilities provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.72 by $0.35, Zacks reports. RWE had a return on equity of 4.77% and a net margin of 15.16%.

RWE Stock Performance

RWEOY traded up $1.94 on Thursday, reaching $68.28. 31,451 shares of the stock were exchanged, compared to its average volume of 86,496. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.26 and a quick ratio of 1.22. The company’s 50-day moving average price is $64.74 and its 200 day moving average price is $65.21. The firm has a market capitalization of $49.58 billion, a PE ratio of 18.02, a PEG ratio of 1.57 and a beta of 0.62. RWE has a fifty-two week low of $39.15 and a fifty-two week high of $74.10.

Wall Street Analyst Weigh In

A number of research firms recently commented on RWEOY. Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a research report on Thursday, July 9th. BNP Paribas Exane downgraded RWE from an “outperform” rating to a “neutral” rating in a research report on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating on shares of RWE in a report on Thursday, July 23rd. Zacks Research downgraded RWE from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Citigroup reiterated a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.30.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.