Siemens Energy (OTCMKTS:SMNEY) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Siemens Energy (OTCMKTS:SMNEY) released its earnings results on Wednesday. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06, Zacks reports. Siemens Energy had a net margin of 3.61% and a return on equity of 13.79%.

Siemens Energy Stock Performance

SMNEY traded up $4.29 during midday trading on Wednesday, hitting $175.64. 174,000 shares of the company were exchanged, compared to its average volume of 162,535. The company’s 50 day simple moving average is $152.36 and its 200 day simple moving average is $129.75. The firm has a market capitalization of $150.23 billion, a price-to-earnings ratio of 99.23 and a beta of 1.97. Siemens Energy has a 1-year low of $50.60 and a 1-year high of $176.73. The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.

Analysts Set New Price Targets

SMNEY has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Siemens Energy from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. UBS Group raised Siemens Energy from a “strong sell” rating to a “buy” rating in a research report on Friday, January 23rd. Evercore initiated coverage on Siemens Energy in a research note on Monday, December 15th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Siemens Energy in a research note on Thursday, January 29th. Finally, Rothschild & Co Redburn lowered Siemens Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Siemens Energy currently has an average rating of “Buy”.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.

The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.