Siemens (SIEGY) Set to Announce Quarterly Earnings on Thursday

Siemens (OTCMKTS:SIEGY) is projected to post its results before the market opens on Thursday, November 12th. Analysts expect the company to announce earnings of $1.62 per share and revenue of $26.13 billion for the quarter.

Siemens (OTCMKTS:SIEGY) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.19. The firm had revenue of $24.02 billion for the quarter, compared to the consensus estimate of $23.57 billion. Siemens had a return on equity of 11.13% and a net margin of 9.79%. On average, analysts expect Siemens to post $6.35 EPS for the current fiscal year and $7.16 EPS for the next fiscal year.

Siemens Stock Performance

Shares of Siemens stock opened at $156.01 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.44 and a quick ratio of 1.18. The firm has a market cap of $244.00 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 9.94 and a beta of 1.47. The stock’s 50-day moving average is $153.99 and its 200-day moving average is $149.76. Siemens has a one year low of $115.56 and a one year high of $169.47.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Evercore downgraded Siemens from an “outperform” rating to a “hold” rating in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Siemens in a research note on Monday, August 3rd. Zacks Research downgraded Siemens from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. Erste Group Bank raised shares of Siemens from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Finally, Jefferies Financial Group downgraded shares of Siemens from a “buy” rating to a “hold” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Siemens has an average rating of “Hold”.

Siemens Company Profile

Siemens AG is a global technology company that develops products, systems and software for industry, infrastructure, mobility and healthcare. Its offerings include industrial automation and control systems, digital manufacturing software, building and energy-management technologies, electrification equipment, rail vehicles and transportation solutions.

Siemens also provides healthcare technology through Siemens Healthineers, in which it holds a majority interest. Siemens Healthineers develops medical imaging, diagnostic, cancer-care and minimally invasive treatment technologies.