Rheinmetall (OTCMKTS:RNMBY) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Rheinmetall (OTCMKTS:RNMBY) announced its quarterly earnings results on Thursday. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07, Zacks reports. Rheinmetall had a return on equity of 20.49% and a net margin of 7.08%.

Rheinmetall Trading Down 5.0%

OTCMKTS RNMBY traded down $14.10 during mid-day trading on Thursday, reaching $265.90. 95,810 shares of the stock were exchanged, compared to its average volume of 69,127. The stock has a market capitalization of $62.03 billion, a PE ratio of 124.84 and a beta of 0.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04. Rheinmetall has a 1-year low of $211.20 and a 1-year high of $468.90. The business’s fifty day simple moving average is $253.28 and its 200 day simple moving average is $320.12.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RNMBY. Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Santander upgraded Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Zacks Research lowered Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. Finally, Oddo Bhf raised Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rheinmetall has a consensus rating of “Moderate Buy”.

About Rheinmetall

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.