Rheinmetall (OTCMKTS:RNMBY – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.18 by $0.28, Zacks reports. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Rheinmetall had a net margin of 7.08% and a return on equity of 20.49%.
Rheinmetall Trading Down 0.5%
Shares of OTCMKTS RNMBY traded down $1.45 during midday trading on Friday, hitting $264.45. The stock had a trading volume of 5,920 shares, compared to its average volume of 77,605. The company has a fifty day moving average price of $253.28 and a 200 day moving average price of $320.12. The company has a market capitalization of $61.69 billion, a price-to-earnings ratio of 124.15 and a beta of 0.18. Rheinmetall has a 1-year low of $211.20 and a 1-year 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.
Wall Street Analyst Weigh In
Several research analysts have weighed in on RNMBY shares. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Zacks Research lowered Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Santander raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Finally, Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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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