Siemens (OTCMKTS:SIEGY) Releases Earnings Results

Siemens (OTCMKTS:SIEGYGet Free Report) issued its earnings results on Thursday. The technology company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.27 by $0.23, Zacks reports. The company had revenue of $22.70 billion for the quarter, compared to analyst estimates of $18.95 billion. Siemens had a net margin of 12.05% and a return on equity of 11.65%.

Siemens Stock Down 3.3%

Shares of OTCMKTS SIEGY traded down $5.17 during trading on Friday, hitting $149.51. 141,959 shares of the company traded hands, compared to its average volume of 209,002. The business’s fifty day moving average is $145.58 and its 200 day moving average is $139.21. Siemens has a fifty-two week low of $94.55 and a fifty-two week high of $161.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.15 and a current ratio of 1.37. The firm has a market capitalization of $239.22 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 3.36 and a beta of 1.25.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SIEGY shares. Citigroup reiterated a “buy” rating on shares of Siemens in a report on Friday. Zacks Research raised shares of Siemens from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. Barclays reaffirmed an “underweight” rating on shares of Siemens in a report on Wednesday, December 3rd. Erste Group Bank cut shares of Siemens from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Santander raised Siemens from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

View Our Latest Analysis on Siemens

Siemens News Summary

Here are the key news stories impacting Siemens this week:

Siemens Company Profile

(Get Free Report)

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.

See Also

Earnings History for Siemens (OTCMKTS:SIEGY)

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