E.On (OTCMKTS:EONGY) Posts Earnings Results, Beats Estimates By $0.11 EPS

E.On (OTCMKTS:EONGY) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11, Zacks reports. E.On had a net margin of 2.20% and a return on equity of 12.06%.

E.On Stock Up 3.1%

Shares of OTCMKTS:EONGY traded up $0.67 during trading on Wednesday, reaching $22.03. The stock had a trading volume of 113,517 shares, compared to its average volume of 184,462. E.On has a one year low of $16.57 and a one year high of $23.58. The company has a market capitalization of $57.59 billion, a P/E ratio of 29.77, a PEG ratio of 4.09 and a beta of 0.74. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.32. The firm’s 50-day simple moving average is $22.25 and its 200 day simple moving average is $20.44.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. DZ Bank cut shares of E.On from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Citigroup reiterated a “neutral” rating on shares of E.On in a report on Friday, February 6th. Wall Street Zen cut shares of E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Finally, Berenberg Bank cut shares of E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

About E.On

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.