Siemens Energy (OTCMKTS:SMNEY) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Siemens Energy (OTCMKTS:SMNEY) posted its quarterly earnings results on Wednesday. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06, Zacks reports. Siemens Energy had a net margin of 3.61% and a return on equity of 13.79%.

Siemens Energy Stock Performance

SMNEY opened at $175.64 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $153.20 and its 200-day moving average price is $130.07. Siemens Energy has a one year low of $50.60 and a one year high of $176.73.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SMNEY. Evercore started coverage on Siemens Energy in a research note on Monday, December 15th. They issued an “outperform” rating for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Siemens Energy in a report on Friday, November 21st. Sanford C. Bernstein started coverage on shares of Siemens Energy in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of Siemens Energy in a report on Monday, December 8th. Finally, Rothschild & Co Redburn cut shares of Siemens Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.

The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.