Mercedes-Benz Group (OTCMKTS:MBGYY) Posts Quarterly Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYY) posted its quarterly earnings data on Tuesday. The company reported C$0.33 earnings per share (EPS) for the quarter, Zacks reports. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.46%. The company had revenue of C$37.27 billion during the quarter.

Mercedes-Benz Group Stock Performance

OTCMKTS:MBGYY opened at C$13.38 on Thursday. The firm has a market cap of C$51.53 billion, a PE ratio of 8.63 and a beta of 0.81. Mercedes-Benz Group has a fifty-two week low of C$12.22 and a fifty-two week high of C$18.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.38. The business has a 50 day moving average price of C$13.38 and a 200-day moving average price of C$15.07.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MBGYY shares. Jefferies Financial Group raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Zacks Research downgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Mercedes-Benz Group has an average rating of “Buy”.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.