E.On Se (NASDAQ:EONGY) Announces Earnings Results, Beats Expectations By $0.24 EPS
E.On Se (NASDAQ:EONGY) issued its earnings results on Wednesday. The utilities provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.24, Morningstar.com reports. The firm had revenue of $10.01 billion for the quarter. E.On Se had a return on equity of 19,376.16% and a net margin of 7.01%.
E.On Se (EONGY) traded up 2.24% during midday trading on Friday, reaching $10.97. The company’s stock had a trading volume of 16,121 shares. The stock’s 50 day moving average is $9.87 and its 200 day moving average is $8.53. E.On Se has a 12-month low of $6.38 and a 12-month high of $11.00. The stock’s market cap is $23.61 billion.
Several equities research analysts have commented on EONGY shares. Zacks Investment Research upgraded E.On Se from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Friday, June 9th. Jefferies Group LLC lowered E.On Se from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Berenberg Bank upgraded E.On Se from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.00.
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About E.On Se
E.ON SE is an energy company. The Company’s segments include Energy Networks, Customer Solutions, and Renewables. Its non-strategic operations are reported under Non-Core Business. The Company’s business areas include energy networks, customer solutions, renewables, energy efficiency and distributed energy, technical services and nuclear.
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