Bayerische Motoren Werke (OTCMKTS:BAMXF – Get Free Report) released its earnings results on Wednesday. The company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.72, Zacks reports. Bayerische Motoren Werke had a return on equity of 6.50% and a net margin of 4.92%.
Bayerische Motoren Werke Stock Performance
Shares of BAMXF traded up $0.76 during mid-day trading on Wednesday, reaching $66.50. The company’s stock had a trading volume of 2,262 shares, compared to its average volume of 1,879. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. Bayerische Motoren Werke has a 1-year low of $52.10 and a 1-year high of $113.10. The business has a 50-day simple moving average of $64.90 and a two-hundred day simple moving average of $80.18. The stock has a market cap of $38.56 billion, a P/E ratio of 5.49 and a beta of 0.71.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank upgraded Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on Bayerische Motoren Werke
Bayerische Motoren Werke Company Profile
Bayerische Motoren Werke AG, commonly known as BMW, is a German manufacturer of premium automobiles and motorcycles. Headquartered in Munich, Germany, the company operates through the BMW, MINI and Rolls-Royce automotive brands, as well as BMW Motorrad.
BMW’s product portfolio includes luxury and performance vehicles, sport utility vehicles, electric vehicles and motorcycles. The company also provides related mobility and financial services, including vehicle leasing, financing and fleet management through its financial-services operations.
Founded in 1916, BMW has developed into a global automotive group with manufacturing, sales and distribution activities across Europe, the Americas, Asia and other international markets.
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