Bayerische Motoren Werke (OTCMKTS:BAMXF) Issues Earnings Results, Beats Expectations By $0.72 EPS

Key Points

• BMW reported quarterly EPS of $2.83, beating the consensus estimate of $2.11 by $0.72. Its return on equity was 6.50% and net margin was 4.92%.
• Shares rose $0.76 to $66.50 during Wednesday’s trading. The stock was below its 200-day moving average of $80.18.
• Berenberg Bank upgraded BMW to “strong buy”; across five analysts, the average rating is “Moderate Buy.”

Bayerische Motoren Werke (OTCMKTS:BAMXF - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $2.83 earnings per share 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 2,062 shares, compared to its average volume of 1,879. 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 company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. The stock has a market cap of $38.56 billion, a P/E ratio of 5.49 and a beta of 0.71.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of Bayerische Motoren Werke from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

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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