Siemens (SIEGY) Expected to Announce Earnings on Wednesday

Siemens (OTCMKTS:SIEGY) is expected to release its results before the market opens on Wednesday, May 13th. Analysts expect Siemens to post earnings of $1.56 per share and revenue of $23.4248 billion for the quarter.

Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.23. The company had revenue of $22.70 billion for the quarter, compared to analysts’ expectations of $18.95 billion. Siemens had a net margin of 9.93% and a return on equity of 11.90%. On average, analysts expect Siemens to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Siemens Stock Performance

Shares of OTCMKTS:SIEGY traded up $5.42 during mid-day trading on Wednesday, reaching $157.89. The company had a trading volume of 65,414 shares, compared to its average volume of 249,140. The company has a current ratio of 1.38, a quick ratio of 1.15 and a debt-to-equity ratio of 0.59. The firm has a market cap of $246.94 billion, a price-to-earnings ratio of 27.94 and a beta of 1.39. The company’s 50-day moving average price is $133.49 and its 200-day moving average price is $139.05. Siemens has a one year low of $115.56 and a one year high of $161.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Siemens in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. Santander raised shares of Siemens from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. Kepler Capital Markets cut shares of Siemens from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Zacks Research raised shares of Siemens from a “strong sell” rating to a “hold” rating in a report on Thursday, January 15th. Finally, Citigroup reissued a “buy” rating on shares of Siemens in a report on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Siemens

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.