Bayerische Motoren Werke (OTCMKTS:BAMXF) Announces Earnings Results

Key Points

• Bayerische Motoren Werke reported $3.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.87 by $0.64.
• The company generated $39.97 billion in revenue during the quarter, exceeding analyst expectations of $38.94 billion.
• Barclays upgraded Bayerische Motoren Werke's shares from a "strong sell" rating to a "hold" rating as of July 11th.

Bayerische Motoren Werke (OTCMKTS:BAMXF - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $3.23 EPS for the quarter, missing the consensus estimate of $3.87 by ($0.64), Zacks reports. Bayerische Motoren Werke had a return on equity of 6.07% and a net margin of 4.19%. The firm had revenue of $39.97 billion for the quarter, compared to analyst estimates of $38.94 billion.

Bayerische Motoren Werke Stock Up 1.2%

Shares of OTCMKTS BAMXF traded up $1.17 on Wednesday, hitting $97.96. The company had a trading volume of 289 shares, compared to its average volume of 2,175. The firm has a market capitalization of $56.80 billion, a P/E ratio of 9.73 and a beta of 0.82. Bayerische Motoren Werke has a 12-month low of $68.23 and a 12-month high of $104.50. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $91.87 and a two-hundred day moving average of $86.62.

Analyst Upgrades and Downgrades

Separately, Barclays raised Bayerische Motoren Werke from a "strong sell" rating to a "hold" rating in a research report on Friday, July 11th.

About Bayerische Motoren Werke

Bayerische Motoren Werke Aktiengesellschaft engages in the development, manufacture, and sale of automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment engages in the development, manufacture, assembling, and sale of automobiles, spare parts, accessories, and mobility services under the BMW, MINI, and Rolls-Royce brands.