Iberdrola (OTCMKTS:IBDRY) Announces Earnings Results, Misses Estimates By $0.02 EPS

Iberdrola (OTCMKTS:IBDRY) issued its earnings results on Wednesday. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02), Zacks reports. The firm had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.08 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%.

Iberdrola Trading Down 0.0%

IBDRY opened at $97.52 on Thursday. The stock has a market capitalization of $164.76 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.47 and a beta of 0.64. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. Iberdrola has a 12 month low of $69.66 and a 12 month high of $100.64. The firm’s fifty day simple moving average is $94.51 and its 200 day simple moving average is $92.45.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IBDRY. Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Oddo Bhf lowered Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday. Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Finally, Citigroup upgraded Iberdrola to a “hold” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Iberdrola has an average rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.