E.On (OTCMKTS:EONGY) Announces Quarterly Earnings Results

E.On (OTCMKTS:EONGY) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.10), Zacks reports. E.On had a return on equity of 12.12% and a net margin of 4.58%.

E.On Stock Performance

OTCMKTS EONGY traded down $0.87 on Wednesday, hitting $21.14. 61,333 shares of the company’s stock were exchanged, compared to its average volume of 207,998. The firm has a market cap of $55.27 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 5.02 and a beta of 0.71. The firm’s 50-day moving average price is $21.33 and its two-hundred day moving average price is $21.71. E.On has a fifty-two week low of $17.05 and a fifty-two week high of $23.58. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.95 and a quick ratio of 0.91.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group raised E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. DZ Bank upgraded shares of E.On from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a research report on Friday, July 3rd. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average 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.