E.On (OTCMKTS:EONGY) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

E.On (OTCMKTS:EONGY) posted its earnings results on Wednesday. The utilities provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10), Zacks reports. E.On had a return on equity of 12.12% and a net margin of 4.58%.

E.On Stock Down 3.7%

EONGY stock traded down $0.81 during trading on Wednesday, reaching $21.20. The stock had a trading volume of 59,307 shares, compared to its average volume of 207,987. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $55.42 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 5.02 and a beta of 0.71. E.On has a one year low of $17.05 and a one year high of $23.58. The company’s 50 day moving average is $21.33 and its two-hundred day moving average is $21.71.

Wall Street Analyst Weigh In

A number of brokerages have commented on EONGY. DZ Bank raised E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a research report on Friday, July 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.