Rheinmetall (RNMBY) Set to Announce Earnings on Thursday

Rheinmetall (OTCMKTS:RNMBY) is anticipated to issue its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $1.60 per share and revenue of $3.62 billion for the quarter.

Rheinmetall Price Performance

Shares of RNMBY stock opened at $225.50 on Thursday. Rheinmetall has a 12 month low of $206.50 and a 12 month high of $450.00. The company has a market capitalization of $52.62 billion, a P/E ratio of 77.49 and a beta of 0.18. The stock has a 50 day moving average of $235.32 and a two-hundred day moving average of $300.27. The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RNMBY shares. Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada assumed coverage on Rheinmetall in a research report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Finally, Berenberg Bank downgraded shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Rheinmetall presently has a consensus rating of “Moderate Buy”.

About Rheinmetall

Rheinmetall AG (OTCMKTS: RNMBY) is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.

The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.