E.On (OTCMKTS:EONGY) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

E.On (OTCMKTS:EONGY) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07), Zacks reports. E.On had a net margin of 4.49% and a return on equity of 11.35%.

E.On Price Performance

Shares of E.On stock traded down $0.69 on Wednesday, reaching $20.96. 316,954 shares of the stock were exchanged, compared to its average volume of 220,451. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.96. The firm has a market cap of $54.81 billion, a PE ratio of 13.98, a P/E/G ratio of 5.02 and a beta of 0.67. The firm’s 50 day moving average is $20.12 and its 200-day moving average is $21.23. E.On has a one year low of $17.38 and a one year high of $23.58.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EONGY. Berenberg Bank upgraded shares of E.On from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Jefferies Financial Group raised E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. UBS Group upgraded E.On from a “hold” rating to a “buy” rating in a research note on Monday, September 7th. Finally, Sanford C. Bernstein raised E.On to a “strong-buy” rating in a report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

E.On Company Profile

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. The company operates electricity distribution networks and gas networks, helping deliver energy to homes, businesses and other organizations. E.ON also supplies electricity and gas to retail and commercial customers and provides services such as energy management, energy efficiency and electric-vehicle charging. Its operations span several European countries, with a substantial presence in Germany and the United Kingdom.