Iberdrola (OTCMKTS:IBDRY) Issues Quarterly Earnings Results

Iberdrola (OTCMKTS:IBDRY) posted its quarterly earnings results on Wednesday. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.06), Zacks reports. Iberdrola had a return on equity of 9.88% and a net margin of 15.59%.

Iberdrola Stock Up 0.8%

IBDRY stock traded up $0.77 during trading on Wednesday, reaching $96.74. 26,394 shares of the stock were exchanged, compared to its average volume of 87,342. The firm’s 50 day moving average is $93.73 and its 200 day moving average is $94.14. The firm has a market cap of $161.39 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.66 and a beta of 0.55. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. Iberdrola has a twelve month low of $78.32 and a twelve month high of $100.64.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Oddo Bhf lowered shares of Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Iberdrola to a “buy” rating in a research report on Tuesday, September 29th. Citigroup raised shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th. Kepler Capital Markets cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Finally, Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Iberdrola

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.