E.On (OTCMKTS:EONGY) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

E.On (OTCMKTS:EONGY) released its earnings results on Wednesday. The utilities provider reported $0.25 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 Down 3.7%

Shares of OTCMKTS:EONGY traded down $0.81 during trading on Wednesday, reaching $21.20. 59,307 shares of the stock were exchanged, compared to its average volume of 207,987. E.On has a 1-year low of $17.05 and a 1-year high of $23.58. The stock has a fifty day moving average of $21.33 and a two-hundred day moving average of $21.71. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market cap of $55.42 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 5.02 and a beta of 0.71.

Analysts Set New Price Targets

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

About E.On

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.