Siemens AG (SIEGY) Posts Earnings Results, Beats Expectations By $0.11 EPS
Siemens AG (NASDAQ:SIEGY) announced its quarterly earnings data on Thursday. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.11, Morningstar.com reports. Siemens AG had a return on equity of 14.92% and a net margin of 7.21%. The company had revenue of $23.53 billion for the quarter, compared to analysts’ expectations of $25.30 billion.
Siemens AG (SIEGY) traded down 1.41% during midday trading on Friday, reaching $65.66. The company had a trading volume of 430,226 shares. The firm has a market capitalization of $106.39 billion and a price-to-earnings ratio of 15.94. The stock’s 50 day moving average is $69.21 and its 200 day moving average is $68.10. Siemens AG has a 12-month low of $53.61 and a 12-month high of $73.42.
TRADEMARK VIOLATION WARNING: “Siemens AG (SIEGY) Posts Earnings Results, Beats Expectations By $0.11 EPS” was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.dailypolitical.com/2017/08/05/siemens-ag-siegy-posts-earnings-results-beats-expectations-by-0-11-eps.html.
A number of equities research analysts recently weighed in on SIEGY shares. Zacks Investment Research cut Siemens AG from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. ValuEngine upgraded Siemens AG from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Siemens AG has an average rating of “Hold”.
About Siemens AG
Siemens AG is a Germany-based technology company with activities in the fields of electrification, automation and digitalization. It is also a supplier of systems for power generation and transmission, as well as medical diagnosis. It operates through nine segments: Power and Gas; Wind Power and Renewables; Energy Management; Building Technologies; Mobility; Digital Factory; Process Industries and Drives; Healthineers, and Financial Services.
Receive News & Ratings for Siemens AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siemens AG and related companies with MarketBeat.com's FREE daily email newsletter.