Bayerische Motoren Werke (OTCMKTS:BAMXF) Announces Quarterly Earnings Results, Beats Expectations By $0.72 EPS

Bayerische Motoren Werke (OTCMKTS:BAMXF) announced its quarterly earnings data on Wednesday. The company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.72, Zacks reports. Bayerische Motoren Werke had a net margin of 4.92% and a return on equity of 6.50%.

Bayerische Motoren Werke Trading Up 1.2%

Shares of BAMXF stock traded up $0.76 during trading hours on Wednesday, hitting $66.50. 2,062 shares of the company were exchanged, compared to its average volume of 1,879. The firm has a market cap of $38.56 billion, a P/E ratio of 5.49 and a beta of 0.71. Bayerische Motoren Werke has a fifty-two week low of $52.10 and a fifty-two week high of $113.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 1.15. The company has a 50 day simple moving average of $64.90 and a two-hundred day simple moving average of $80.18.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bayerische Motoren Werke currently has a consensus rating of “Moderate Buy”.

About Bayerische Motoren Werke

Bayerische Motoren Werke AG, commonly known as BMW, is a German manufacturer of premium automobiles and motorcycles. Headquartered in Munich, Germany, the company operates through the BMW, MINI and Rolls-Royce automotive brands, as well as BMW Motorrad.

BMW’s product portfolio includes luxury and performance vehicles, sport utility vehicles, electric vehicles and motorcycles. The company also provides related mobility and financial services, including vehicle leasing, financing and fleet management through its financial-services operations.

Founded in 1916, BMW has developed into a global automotive group with manufacturing, sales and distribution activities across Europe, the Americas, Asia and other international markets.