E.On (OTCMKTS:EONGY) Issues Quarterly Earnings Results

E.On (OTCMKTS:EONGY) released its quarterly earnings results on Wednesday. The utilities provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.49 by $0.11, Zacks reports. E.On had a return on equity of 12.06% and a net margin of 2.20%.The company had revenue of $25.55 billion for the quarter, compared to analyst estimates of $35.38 billion.

E.On Stock Performance

Shares of OTCMKTS:EONGY traded down $0.57 during trading on Thursday, reaching $21.54. The company had a trading volume of 73,249 shares, compared to its average volume of 183,447. The firm has a market capitalization of $56.30 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 4.06 and a beta of 0.74. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.79 and a quick ratio of 0.74. The stock’s fifty day moving average price is $22.24 and its 200 day moving average price is $20.47. E.On has a fifty-two week low of $16.68 and a fifty-two week high of $23.58.

Analyst Ratings Changes

Several research analysts have issued reports on EONGY shares. Citigroup reissued a “neutral” rating on shares of E.On in a research report on Friday, February 6th. Berenberg Bank downgraded shares of E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Bank of America downgraded shares of E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. DZ Bank lowered E.On from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, Wall Street Zen lowered E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, E.On presently has a consensus rating of “Hold”.

E.On Company Profile

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.