Schneider Electric (SBGSY) Expected to Post Quarterly Earnings on Thursday

Schneider Electric (OTCMKTS:SBGSY) is projected to announce its resultson Thursday, July 30th. Analysts expect Schneider Electric to announce earnings of $1.01 per share and revenue of $23.8472 billion for the quarter.

Schneider Electric Stock Down 1.8%

Schneider Electric stock opened at $59.92 on Wednesday. The company’s 50-day moving average is $62.61 and its 200-day moving average is $60.56. Schneider Electric has a fifty-two week low of $48.68 and a fifty-two week high of $67.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SBGSY. Morgan Stanley reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Berenberg Bank upgraded Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Erste Group Bank raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Barclays restated an “overweight” rating on shares of Schneider Electric in a research note on Monday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Schneider Electric currently has an average rating of “Buy”.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.