Bayerische Motoren Werke (OTCMKTS:BAMXF) Issues Quarterly Earnings Results

Bayerische Motoren Werke (OTCMKTS:BAMXF) posted its quarterly earnings results on Wednesday. The company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.72, Zacks reports. Bayerische Motoren Werke had a net margin of 4.83% and a return on equity of 6.23%. The business had revenue of $34.50 billion during the quarter, compared to analyst estimates of $34.65 billion.

Bayerische Motoren Werke Price Performance

OTCMKTS:BAMXF remained flat at $67.03 during mid-day trading on Friday. The company had a trading volume of 367 shares, compared to its average volume of 2,624. Bayerische Motoren Werke has a 52 week low of $52.10 and a 52 week high of $113.10. The firm has a market cap of $38.87 billion, a price-to-earnings ratio of 5.70 and a beta of 0.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.15 and a quick ratio of 0.86. The firm’s 50-day moving average is $64.86 and its 200 day moving average is $79.81.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke AG, commonly known as BMW, is a German manufacturer of premium automobiles and motorcycles. Headquartered in Munich, Germany, the company operates through the BMW, MINI and Rolls-Royce automotive brands, as well as BMW Motorrad.

BMW’s product portfolio includes luxury and performance vehicles, sport utility vehicles, electric vehicles and motorcycles. The company also provides related mobility and financial services, including vehicle leasing, financing and fleet management through its financial-services operations.

Founded in 1916, BMW has developed into a global automotive group with manufacturing, sales and distribution activities across Europe, the Americas, Asia and other international markets.