Siemens (SIEGY) Expected to Announce Earnings on Wednesday

Siemens (OTCMKTS:SIEGY) will likely be announcing its results before the market opens on Wednesday, May 13th. Analysts expect the company to announce earnings of $1.56 per share and revenue of $23.4248 billion for the quarter.

Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.23. Siemens had a net margin of 9.93% and a return on equity of 11.90%. The company had revenue of $22.70 billion during the quarter, compared to the consensus estimate of $18.95 billion. On average, analysts expect Siemens to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Siemens Price Performance

Shares of OTCMKTS SIEGY traded up $5.42 during mid-day trading on Wednesday, reaching $157.89. 65,414 shares of the company were exchanged, compared to its average volume of 249,140. Siemens has a 52 week low of $115.56 and a 52 week high of $161.80. The company has a quick ratio of 1.15, a current ratio of 1.38 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $246.94 billion, a PE ratio of 27.94 and a beta of 1.39. The company’s 50 day moving average price is $133.49 and its 200 day moving average price is $139.05.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SIEGY. Santander raised shares of Siemens from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. Kepler Capital Markets downgraded shares of Siemens from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Sanford C. Bernstein began coverage on shares of Siemens in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Siemens in a report on Friday, February 13th. Finally, Zacks Research raised shares of Siemens from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

About Siemens

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.