Verbund (OTCMKTS:OEZVY) Posts Earnings Results, Meets Estimates

Verbund (OTCMKTS:OEZVY) posted its quarterly earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11, Zacks reports. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $1.99 billion.

Verbund Price Performance

Shares of OEZVY stock remained flat at $15.38 during mid-day trading on Friday. The stock had a trading volume of 38 shares, compared to its average volume of 765. Verbund has a twelve month low of $11.88 and a twelve month high of $17.13. The firm’s 50-day moving average is $14.68 and its 200-day moving average is $14.39.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised Verbund from a “sell” rating to a “hold” rating in a report on Monday, September 28th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Strong Sell”.

Verbund Company Profile

VERBUND AG is an Austrian electricity company focused primarily on the generation, transmission, and sale of renewable energy. Hydropower forms the core of its business, supported by electricity generated from wind and solar facilities. The company also provides energy-related services and participates in electricity trading and wholesale markets.

Founded in 1947 as Österreichische Elektrizitätswirtschafts-AG, VERBUND developed into Austria’s leading electricity producer and a major participant in the European energy market.