E.On (EONGY) Projected to Post Earnings on Wednesday

E.On (OTCMKTS:EONGY) will likely be announcing its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of $0.3303 per share for the quarter.

E.On Stock Down 0.5%

OTCMKTS:EONGY opened at $21.90 on Tuesday. The stock has a 50-day moving average price of $20.19 and a two-hundred day moving average price of $18.99. The stock has a market cap of $57.20 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 5.77 and a beta of 0.80. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.44. E.On has a 1 year low of $12.60 and a 1 year high of $22.18.

Analysts Set New Price Targets

EONGY has been the subject of a number of recent research reports. Bank of America downgraded E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Citigroup restated a “neutral” rating on shares of E.On in a report on Friday, February 6th. Wall Street Zen cut E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Berenberg Bank cut shares of E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Zacks Research lowered shares of E.On from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, E.On has a consensus 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.