RWE (OTCMKTS:RWEOY) Announces Quarterly Earnings Results

RWE (OTCMKTS:RWEOY) released its quarterly earnings results on Thursday. The utilities provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.35, Zacks reports. RWE had a return on equity of 4.77% and a net margin of 15.16%.

RWE Stock Up 2.9%

Shares of OTCMKTS RWEOY traded up $1.93 during midday trading on Thursday, hitting $68.27. 32,801 shares of the stock traded hands, compared to its average volume of 86,505. The business has a 50 day moving average price of $64.74 and a two-hundred day moving average price of $65.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.22 and a current ratio of 1.26. The company has a market cap of $49.57 billion, a PE ratio of 18.01, a P/E/G ratio of 1.57 and a beta of 0.62. RWE has a one year low of $39.15 and a one year high of $74.10.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup restated a “neutral” rating on shares of RWE in a report on Wednesday, July 29th. Zacks Research downgraded RWE from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. BNP Paribas Exane lowered RWE from an “outperform” rating to a “neutral” rating in a research report on Thursday, May 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of RWE in a research report on Thursday, July 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, RWE currently has an average rating of “Hold” and a consensus price target of $53.30.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak?load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.