Mercedes-Benz Group (OTCMKTS:MBGYY) Releases Quarterly Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYYGet Free Report) released its quarterly earnings results on Wednesday. The company reported C$0.44 earnings per share for the quarter, Zacks reports. Mercedes-Benz Group had a return on equity of 5.51% and a net margin of 3.87%.

Mercedes-Benz Group Trading Down 0.7%

MBGYY traded down C$0.10 on Wednesday, reaching C$14.18. 247,594 shares of the company traded hands, compared to its average volume of 294,683. The company has a market cap of C$54.62 billion, a P/E ratio of 4.92 and a beta of 0.82. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.66. Mercedes-Benz Group has a one year low of C$13.79 and a one year high of C$18.16. The firm has a fifty day simple moving average of C$15.72 and a two-hundred day simple moving average of C$16.52.

Analysts Set New Price Targets

Separately, HSBC raised shares of Mercedes-Benz Group to a “strong-buy” rating in a research note on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

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Mercedes-Benz Group Company Profile

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Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.

Further Reading

Earnings History for Mercedes-Benz Group (OTCMKTS:MBGYY)

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