Rheinmetall (OTCMKTS:RNMBY) Announces Quarterly Earnings Results

Rheinmetall (OTCMKTS:RNMBY) posted its quarterly earnings results on Thursday. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.22), Zacks reports. Rheinmetall had a net margin of 6.45% and a return on equity of 22.39%.

Rheinmetall Stock Performance

Shares of RNMBY stock traded down $26.57 during trading hours on Thursday, hitting $186.83. The company had a trading volume of 291,332 shares, compared to its average volume of 57,895. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.50 and a current ratio of 1.00. The company’s fifty day moving average is $229.48 and its 200 day moving average is $293.57. Rheinmetall has a fifty-two week low of $185.80 and a fifty-two week high of $450.00.

Wall Street Analysts Forecast Growth

RNMBY has been the subject of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Rheinmetall in a report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Berenberg Bank cut Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Finally, Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Rheinmetall Company Profile

Rheinmetall AG (OTCMKTS: RNMBY) is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.

The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.