Siemens (OTCMKTS:SIEGY) Reaches New 12-Month High on Earnings Beat

Siemens AG (OTCMKTS:SIEGYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $161.80 and last traded at $160.5425, with a volume of 42349 shares traded. The stock had previously closed at $152.53.

The technology company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.23. The company had revenue of $22.70 billion for the quarter, compared to analysts’ expectations of $18.95 billion. Siemens had a net margin of 9.93% and a return on equity of 12.37%.

More Siemens News

Here are the key news stories impacting Siemens this week:

Analyst Ratings Changes

Several brokerages have weighed in on SIEGY. Barclays reaffirmed an “underweight” rating on shares of Siemens in a report on Wednesday, December 3rd. Sanford C. Bernstein started coverage on shares of Siemens in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Erste Group Bank downgraded Siemens from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Zacks Research raised Siemens from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Siemens in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Siemens currently has a consensus rating of “Hold”.

Check Out Our Latest Report on Siemens

Siemens Stock Down 3.5%

The firm has a market capitalization of $238.74 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 3.41 and a beta of 1.25. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $145.83 and a 200-day moving average price of $139.34.

About Siemens

(Get Free Report)

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.

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