E.On (EONGY) to Post Earnings on Wednesday

E.On (OTCMKTS:EONGY – Get Free Report) is anticipated to issue its results before the market opens on Wednesday, August 12th. Analysts expect E.On to announce earnings of $0.3544 per share and revenue of $40.4386 billion for the quarter.

E.On (OTCMKTS:EONGY – Get Free Report) last released its earnings results on Wednesday, May 13th. The utilities provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $25.55 billion during the quarter, compared to analyst estimates of $35.38 billion. E.On had a net margin of 4.58% and a return on equity of 12.12%. On average, analysts expect E.On to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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E.On Stock Performance

Shares of E.On stock opened at $21.93 on Wednesday. The firm has a fifty day moving average of $21.25 and a two-hundred day moving average of $21.64. The stock has a market capitalization of $57.32 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 5.06 and a beta of 0.71. E.On has a 52 week low of $17.05 and a 52 week high of $23.58. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 0.95.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EONGY. Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a research report on Sunday. Royal Bank Of Canada reissued a “sector perform” rating on shares of E.On in a research note on Thursday, July 9th. DZ Bank upgraded E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley restated an “overweight” rating on shares of E.On in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Read Our Latest Analysis on EONGY

About E.On

(Get Free Report)

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.

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