E.On (OTCMKTS:EONGY) Announces Earnings Results

E.On (OTCMKTS:EONGY) released its quarterly earnings results on Wednesday. The utilities provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07), Zacks reports. E.On had a return on equity of 11.35% and a net margin of 4.49%.

E.On Stock Down 3.2%

EONGY stock traded down $0.69 during trading on Wednesday, reaching $20.96. The stock had a trading volume of 318,501 shares, compared to its average volume of 220,472. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. The firm has a fifty day moving average price of $20.12 and a 200 day moving average price of $21.23. The company has a market capitalization of $54.79 billion, a P/E ratio of 13.97, a PEG ratio of 5.02 and a beta of 0.67. E.On has a 1-year low of $17.38 and a 1-year high of $23.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EONGY shares. Sanford C. Bernstein upgraded shares of E.On to a “strong-buy” rating in a research note on Wednesday, October 21st. Berenberg Bank raised shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Jefferies Financial Group upgraded shares of E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. Finally, UBS Group raised shares of E.On from a “hold” rating to a “buy” rating in a research report on Monday, September 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

About E.On

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. The company operates electricity distribution networks and gas networks, helping deliver energy to homes, businesses and other organizations. E.ON also supplies electricity and gas to retail and commercial customers and provides services such as energy management, energy efficiency and electric-vehicle charging. Its operations span several European countries, with a substantial presence in Germany and the United Kingdom.