Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Issues Earnings Results, Misses Expectations By $0.08 EPS

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) announced its quarterly earnings results on Thursday. The technology company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08), MarketWatch Earnings reports. Siemens Aktiengesellschaft had a return on equity of 20.28% and a net margin of 13.01%. The business had revenue of $23.28 billion for the quarter.

Siemens Aktiengesellschaft Price Performance

Shares of OTCMKTS:SIEGY opened at $80.93 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. Siemens Aktiengesellschaft has a fifty-two week low of $63.31 and a fifty-two week high of $91.34. The firm has a 50-day simple moving average of $70.51 and a 200 day simple moving average of $77.64. The company has a market cap of $129.49 billion, a PE ratio of 11.90, a P/E/G ratio of 0.56 and a beta of 1.15.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Siemens Aktiengesellschaft from a “market perform” rating to an “outperform” rating in a research note on Monday, September 4th. Berenberg Bank upgraded shares of Siemens Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Barclays assumed coverage on shares of Siemens Aktiengesellschaft in a research report on Monday, September 11th. They set an “underweight” rating for the company.

Siemens Aktiengesellschaft Company Profile

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services segments.