Iberdrola (OTCMKTS:IBDRY) Posts Quarterly Earnings Results

Iberdrola (OTCMKTS:IBDRY) released its quarterly earnings results on Wednesday. The utilities provider reported $1.10 EPS for the quarter, Zacks reports. The company had revenue of $11.21 billion for the quarter. Iberdrola had a net margin of 10.81% and a return on equity of 7.69%.

Iberdrola Trading Down 4.2%

IBDRY opened at $71.74 on Thursday. The business has a 50 day moving average of $74.01 and a 200-day moving average of $65.93. The stock has a market cap of $115.51 billion, a PE ratio of 23.14, a PEG ratio of 2.23 and a beta of 0.79. Iberdrola has a 52 week low of $51.52 and a 52 week high of $78.17. The company has a quick ratio of 0.58, a current ratio of 0.69 and a debt-to-equity ratio of 0.71.

Iberdrola Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, May 26th were issued a $0.0175 dividend. This represents a yield of 1.03%. The ex-dividend date of this dividend was Friday, May 23rd. Iberdrola’s dividend payout ratio (DPR) is currently 95.48%.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised shares of Iberdrola to a “buy” rating in a research report on Friday, April 25th.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.