Rheinmetall (OTCMKTS:RNMBY) Releases Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Rheinmetall (OTCMKTS:RNMBY) released its quarterly earnings data on Thursday. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.22), Zacks reports. Rheinmetall had a net margin of 6.45% and a return on equity of 22.39%.

Rheinmetall Trading Down 12.5%

Shares of OTCMKTS RNMBY traded down $26.57 during midday trading on Thursday, reaching $186.83. 291,332 shares of the company’s stock were exchanged, compared to its average volume of 57,895. The business’s fifty day moving average price is $229.48 and its two-hundred day moving average price is $293.57. Rheinmetall has a 52-week low of $185.80 and a 52-week high of $450.00. The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RNMBY shares. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Royal Bank Of Canada initiated coverage on shares of Rheinmetall in a research report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Finally, Berenberg Bank downgraded shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Rheinmetall

Rheinmetall AG (OTCMKTS: RNMBY) is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.

The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.