E.On (OTCMKTS:EONGY) Sets New 1-Year High – Here’s Why

E.On Se (OTCMKTS:EONGY) reached a new 52-week high on Monday . The company traded as high as $19.89 and last traded at $19.89, with a volume of 52671 shares traded. The stock had previously closed at $19.63.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EONGY shares. Zacks Research upgraded E.On from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Citigroup reiterated a “neutral” rating on shares of E.On in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

E.On Stock Performance

The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79. The company has a market cap of $51.40 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 5.66 and a beta of 0.81. The firm has a 50 day simple moving average of $18.34 and a 200-day simple moving average of $18.48.

E.On (OTCMKTS:EONGY) last released its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). E.On had a net margin of 3.61% and a return on equity of 11.86%. The company had revenue of $18.51 billion during the quarter, compared to analysts’ expectations of $21.43 billion. As a group, analysts predict that E.On Se will post 1.16 EPS for the current fiscal year.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.