Rheinmetall (OTCMKTS:RNMBY) Posts Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Rheinmetall (OTCMKTS:RNMBY) released its earnings results on Thursday. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.22), Zacks reports. Rheinmetall had a net margin of 6.45% and a return on equity of 22.39%.

Rheinmetall Trading Down 12.5%

Shares of RNMBY traded down $26.57 during midday trading on Thursday, reaching $186.83. The company had a trading volume of 291,332 shares, compared to its average volume of 57,895. Rheinmetall has a 1-year low of $185.80 and a 1-year high of $450.00. The firm has a 50 day simple moving average of $229.48 and a 200-day simple moving average of $293.57. The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

Wall Street Analysts Forecast Growth

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

Rheinmetall Company Profile

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.