Iberdrola (OTCMKTS:IBDRY) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Iberdrola (OTCMKTS:IBDRY) posted its earnings results on Wednesday. The utilities provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.04), Zacks reports. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion.

Iberdrola Stock Performance

Shares of OTCMKTS IBDRY traded up $0.17 during trading hours on Friday, hitting $94.08. 38,805 shares of the company’s stock were exchanged, compared to its average volume of 92,278. Iberdrola has a 1-year low of $67.20 and a 1-year high of $96.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market capitalization of $158.94 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 2.41 and a beta of 0.72. The company’s 50-day moving average price is $92.33 and its 200-day moving average price is $87.83.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Iberdrola in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.