RWE (RWEOY) Expected to Post Quarterly Earnings on Wednesday

RWE (OTCMKTS:RWEOY) is anticipated to announce its results before the market opens on Wednesday, November 11th. Analysts expect the company to post earnings of $0.7670 per share and revenue of $9.76 billion for the quarter.

RWE Price Performance

Shares of OTCMKTS RWEOY opened at $63.56 on Wednesday. RWE has a 1 year low of $48.49 and a 1 year high of $74.10. The firm’s 50-day moving average is $66.60 and its 200-day moving average is $65.54. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $46.15 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of RWE in a research note on Monday, August 17th. Citigroup reiterated a “neutral” rating on shares of RWE in a research report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. Zacks Research cut RWE from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of RWE in a report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

About RWE

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON’s renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.