Siemens Energy (OTCMKTS:SMNEY) Announces Quarterly Earnings Results

Siemens Energy (OTCMKTS:SMNEY) posted its earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, Zacks reports.

Siemens Energy Stock Performance

SMNEY opened at $59.39 on Wednesday. Siemens Energy has a twelve month low of $14.09 and a twelve month high of $63.46. The firm has a market cap of $47.47 billion and a price-to-earnings ratio of 40.40. The firm’s 50-day simple moving average is $54.62 and its 200-day simple moving average is $42.77.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded shares of Siemens Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Siemens Energy Company Profile

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.