E.On (OTCMKTS:EONGY) Shares Gap Down After Earnings Miss

E.On Se (OTCMKTS:EONGY) shares gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $21.65, but opened at $20.94. E.On shares last traded at $20.95, with a volume of 81,226 shares.

The utilities provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). E.On had a net margin of 4.49% and a return on equity of 11.35%.

Analysts Set New Price Targets

Several research analysts recently issued reports on EONGY shares. Berenberg Bank upgraded shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. UBS Group raised shares of E.On from a “hold” rating to a “buy” rating in a research note on Monday, September 7th. Jefferies Financial Group upgraded shares of E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. Finally, Sanford C. Bernstein upgraded shares of 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 assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

E.On Stock Performance

The company has a debt-to-equity ratio of 1.38, a current ratio of 0.96 and a quick ratio of 0.90. The business has a 50 day moving average price of $20.12 and a 200 day moving average price of $21.23. The stock has a market capitalization of $54.77 billion, a PE ratio of 13.97, a PEG ratio of 5.02 and a beta of 0.67.

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.