RWE (OTCMKTS:RWEOY) Releases Quarterly Earnings Results, Beats Estimates By $0.66 EPS

RWE (OTCMKTS:RWEOY) issued its earnings results on Wednesday. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.66, Zacks reports. RWE had a net margin of 11.32% and a return on equity of 4.85%.

RWE Trading Up 9.7%

OTCMKTS RWEOY traded up $4.83 during trading on Wednesday, hitting $54.52. The stock had a trading volume of 27,383 shares, compared to its average volume of 109,759. The stock has a 50 day simple moving average of $45.73 and a 200 day simple moving average of $42.14. RWE has a one year low of $28.68 and a one year high of $54.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.27. The stock has a market capitalization of $36.87 billion, a price-to-earnings ratio of 14.20 and a beta of 0.71.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RWEOY. Zacks Research upgraded RWE from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. BNP Paribas set a $53.30 price target on RWE and gave the company an “outperform” rating in a report on Wednesday, October 8th. Sanford C. Bernstein raised RWE from a “market perform” rating to an “outperform” rating in a report on Thursday, September 4th. Finally, Citigroup lowered shares of RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $53.30.

About RWE

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.