RWE (OTCMKTS:RWEOY – Get Free Report) released its earnings results on Wednesday. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.66, Zacks reports. RWE had a return on equity of 4.85% and a net margin of 11.32%.The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $4.48 billion.
RWE Stock Down 2.9%
Shares of OTCMKTS RWEOY traded down $1.60 during trading hours on Thursday, hitting $52.80. 6,130 shares of the stock were exchanged, compared to its average volume of 109,486. The company has a market cap of $35.70 billion, a PE ratio of 13.75 and a beta of 0.71. The company has a quick ratio of 1.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average price of $46.03 and a 200-day moving average price of $42.22. RWE has a 12 month low of $28.68 and a 12 month high of $54.52.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. BNP Paribas set a $53.30 price target on RWE and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Citigroup lowered RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Zacks Research raised RWE from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Sanford C. Bernstein raised shares of RWE from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, RWE has a consensus rating of “Buy” and an average price target of $53.30.
About RWE
RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.
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