Siemens (SIEGY) Expected to Announce Earnings on Wednesday

Siemens (OTCMKTS:SIEGY) will likely be posting its results before the market opens on Wednesday, May 13th. Analysts expect Siemens to post earnings of $1.56 per share and revenue of $23.5050 billion for the quarter.

Siemens (OTCMKTS:SIEGY) last posted its earnings results on Thursday, February 12th. The technology company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.27 by $0.23. Siemens had a return on equity of 11.90% and a net margin of 9.93%.The company had revenue of $22.70 billion for the quarter, compared to the consensus estimate of $18.95 billion. On average, analysts expect Siemens to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Siemens Price Performance

Siemens stock opened at $157.00 on Monday. Siemens has a 12 month low of $115.56 and a 12 month high of $161.80. The stock’s 50 day moving average is $134.06 and its 200-day moving average is $139.27. The company has a current ratio of 1.38, a quick ratio of 1.15 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $245.55 billion, a price-to-earnings ratio of 27.78 and a beta of 1.39.

Wall Street Analysts Forecast Growth

SIEGY has been the topic of several research reports. Santander raised Siemens from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Citigroup reaffirmed a “buy” rating on shares of Siemens in a research report on Friday, February 13th. Kepler Capital Markets downgraded Siemens from a “hold” rating to a “reduce” rating in a research report on Tuesday, January 27th. Zacks Research raised Siemens from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 15th. Finally, HSBC raised Siemens from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Siemens Company Profile

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.