Rheinmetall (OTCMKTS:RNMBY – Get Free Report) is expected to issue its results before the market opens on Thursday, August 6th. Analysts expect Rheinmetall to post earnings of $1.39 per share and revenue of $3.5708 billion for the quarter.
Rheinmetall Stock Up 6.2%
Shares of OTCMKTS RNMBY opened at $264.54 on Thursday. The firm’s fifty day moving average is $255.24 and its 200 day moving average is $327.37. Rheinmetall has a 52 week low of $211.20 and a 52 week high of $468.90. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. The company has a market cap of $61.71 billion, a price-to-earnings ratio of 124.20 and a beta of 0.18.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on RNMBY. Zacks Research cut shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Santander raised Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
About Rheinmetall
Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.
The Defense division develops and produces a broad portfolio of products and services for armed forces.
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