Siemens (OTCMKTS:SIEGY) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Siemens (OTCMKTS:SIEGY) announced its earnings results on Thursday. The technology company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.01, Zacks reports. Siemens had a return on equity of 11.13% and a net margin of 9.79%. Siemens updated its FY 2027 guidance to 5.870-6.215 EPS.

Siemens Stock Up 0.6%

OTCMKTS:SIEGY traded up $0.96 during trading hours on Thursday, reaching $155.42. 61,577 shares of the company traded hands, compared to its average volume of 196,434. The company has a current ratio of 1.44, a quick ratio of 1.18 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $152.60 and its two-hundred day moving average price is $149.79. Siemens has a 1 year low of $115.56 and a 1 year high of $169.47. The stock has a market capitalization of $243.08 billion, a P/E ratio of 26.33, a P/E/G ratio of 10.11 and a beta of 1.47.

Analyst Ratings Changes

SIEGY has been the topic of a number of research analyst reports. Erste Group Bank raised shares of Siemens from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Zacks Research cut shares of Siemens from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. Jefferies Financial Group lowered shares of Siemens from a “buy” rating to a “hold” rating in a research note on Thursday, October 15th. Deutsche Bank reiterated a “hold” rating on shares of Siemens in a research report on Monday, August 3rd. Finally, Evercore downgraded shares of Siemens from an “outperform” rating to a “hold” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Siemens currently has a consensus rating of “Hold”.

About Siemens

Siemens AG is a global technology company focused on industry, infrastructure and mobility. Its products and services include factory automation and industrial software, building and energy-management systems, electrical equipment, and rail vehicles and infrastructure. Founded in Berlin in 1847 by Werner von Siemens and Johann Georg Halske, the company has grown from a telegraph business into an international engineering and technology group. Siemens serves customers across markets worldwide, including manufacturing, transportation, utilities and commercial buildings.