Rheinmetall (OTCMKTS:RNMBY) Posts Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Rheinmetall (OTCMKTS:RNMBY) announced its quarterly earnings data on Thursday. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.22), Zacks reports. The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Rheinmetall had a net margin of 6.45% and a return on equity of 22.39%.

Rheinmetall Trading Down 2.5%

Shares of RNMBY stock traded down $4.65 on Friday, hitting $181.45. The stock had a trading volume of 103,605 shares, compared to its average volume of 56,256. The company’s 50 day moving average price is $227.62 and its 200-day moving average price is $292.25. Rheinmetall has a 1 year low of $179.73 and a 1 year high of $450.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50. The firm has a market capitalization of $42.34 billion, a P/E ratio of 62.35 and a beta of 0.21.

Analysts Set New Price Targets

RNMBY has been the subject of a number of recent research reports. Royal Bank Of Canada started coverage on shares of Rheinmetall in a report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Berenberg Bank cut shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Rheinmetall presently has an average rating of “Moderate Buy”.

About Rheinmetall

Rheinmetall AG is a German technology group focused on defense and mobility. Its defense business develops and supplies military vehicles, weapons, ammunition, air-defense systems, sensors and electronic solutions for armed forces and government customers.

The company also has a Power Systems business serving the automotive and industrial sectors. Its products include components and systems for vehicles and other applications, alongside technologies related to electrification and energy efficiency.

Founded in 1889 in Düsseldorf, Rheinmetall began as a manufacturer of metal goods and machinery and became a major arms and ammunition producer.