E.On (OTCMKTS:EONGY) Issues Quarterly Earnings Results

E.On (OTCMKTS:EONGY) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02), Zacks reports. E.On had a net margin of 4.58% and a return on equity of 12.12%. The business had revenue of $18.89 billion during the quarter, compared to analysts’ expectations of $40.44 billion.

E.On Stock Performance

OTCMKTS EONGY opened at $20.96 on Thursday. The firm has a market cap of $54.81 billion, a P/E ratio of 13.70, a P/E/G ratio of 5.08 and a beta of 0.71. E.On has a 52-week low of $17.05 and a 52-week high of $23.58. The business’s 50-day moving average price is $21.34 and its 200 day moving average price is $21.71. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.27.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EONGY shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of E.On in a research note on Thursday, July 9th. 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 report on Wednesday, May 13th. Finally, Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.