Wienerberger (OTCMKTS:WBRBY – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04), Zacks reports. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion.
Wienerberger Stock Performance
Shares of OTCMKTS:WBRBY opened at $4.69 on Thursday. The stock’s 50-day moving average is $5.04 and its 200 day moving average is $5.59. Wienerberger has a 1 year low of $4.38 and a 1 year high of $7.74.
Analyst Upgrades and Downgrades
WBRBY has been the topic of several analyst reports. Morgan Stanley downgraded Wienerberger to an “underweight” rating in a report on Wednesday, June 10th. BNP Paribas Exane cut Wienerberger to a “neutral” rating in a report on Friday, July 24th. Finally, Citigroup lowered Wienerberger from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.
Wienerberger Company Profile
Wienerberger AG is a leading international supplier of building materials and infrastructure solutions, headquartered in Vienna, Austria. The company specializes in clay blocks and facing bricks, as well as concrete and plastic pipe systems for water management and energy distribution. Wienerberger’s products are designed to meet a wide range of architectural and engineering requirements, combining durability with energy efficiency and aesthetic appeal.
In its brick division, Wienerberger offers a variety of clay brick formats under well-known brands, catering to both residential and commercial construction.
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