E.On (OTCMKTS:EONGY) Announces Earnings Results, Misses Estimates By $0.07 EPS

E.On (OTCMKTS:EONGY) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07), Zacks reports. E.On had a net margin of 4.49% and a return on equity of 11.35%. The company had revenue of $18.82 billion during the quarter, compared to the consensus estimate of $39.52 billion.

E.On Stock Performance

Shares of EONGY stock opened at $20.95 on Thursday. The firm has a market cap of $54.77 billion, a P/E ratio of 16.16, a PEG ratio of 5.02 and a beta of 0.67. The stock’s 50-day moving average is $20.13 and its two-hundred day moving average is $21.24. E.On has a fifty-two week low of $17.38 and a fifty-two week high of $23.58. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.96 and a quick ratio of 0.90.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group upgraded shares of E.On from a “hold” rating to a “buy” rating in a research report on Monday, September 7th. Sanford C. Bernstein upgraded shares of E.On to a “strong-buy” rating in a report on Wednesday, October 21st. Berenberg Bank raised shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Finally, Jefferies Financial Group raised shares of E.On from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About E.On

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. The company operates electricity distribution networks and gas networks, helping deliver energy to homes, businesses and other organizations. E.ON also supplies electricity and gas to retail and commercial customers and provides services such as energy management, energy efficiency and electric-vehicle charging. Its operations span several European countries, with a substantial presence in Germany and the United Kingdom.