Iberdrola (OTCMKTS:IBDRY) Announces Earnings Results

Iberdrola (OTCMKTS:IBDRY) released its quarterly earnings results on Wednesday. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02), Zacks reports. The firm had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.08 billion. Iberdrola had a net margin of 15.59% and a return on equity of 9.88%.

Iberdrola Stock Performance

IBDRY opened at $95.93 on Friday. The stock’s 50 day simple moving average is $94.60 and its 200-day simple moving average is $92.51. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. The stock has a market cap of $162.07 billion, a PE ratio of 20.32, a P/E/G ratio of 2.47 and a beta of 0.64. Iberdrola has a 1 year low of $69.66 and a 1 year high of $100.64.

Wall Street Analyst Weigh In

Several analysts recently weighed in on IBDRY shares. Citigroup upgraded Iberdrola to a “hold” rating in a research note on Friday, June 26th. Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Oddo Bhf cut shares of Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday. Finally, Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Two research 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’s stock. Based on data from MarketBeat, Iberdrola presently has an average rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.