E.On Se (OTCMKTS:EONGY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of E.On Se (OTCMKTS:EONGY) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

A number of research firms have recently commented on EONGY. Morgan Stanley restated an “overweight” rating on shares of E.On in a report on Friday, July 3rd. DZ Bank raised E.On from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th.

E.On Price Performance

E.On stock opened at $22.34 on Thursday. E.On has a 1 year low of $17.05 and a 1 year high of $23.58. The firm has a 50 day moving average price of $21.19 and a 200 day moving average price of $21.50. The company has a market cap of $58.40 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 5.02 and a beta of 0.72. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 0.95.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings results on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $25.55 billion for the quarter, compared to the consensus estimate of $35.38 billion. E.On had a net margin of 4.58% and a return on equity of 12.12%. Sell-side analysts predict that E.On will post 1.23 earnings per share for the current year.

About E.On

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.