Iberdrola (OTCMKTS:IBDRY) Announces Quarterly Earnings Results

Iberdrola (OTCMKTS:IBDRY - Get Free Report) posted its quarterly earnings data on Wednesday. The utilities provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04, Zacks reports. Iberdrola had a net margin of 11.30% and a return on equity of 8.18%. The company had revenue of $11.21 billion during the quarter, compared to analysts' expectations of $11.73 billion.

Iberdrola Stock Performance

IBDRY traded up $0.33 during midday trading on Friday, reaching $72.15. The company had a trading volume of 42,244 shares, compared to its average volume of 82,971. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.58 and a current ratio of 0.69. The stock has a market cap of $116.16 billion, a PE ratio of 21.80, a P/E/G ratio of 2.06 and a beta of 0.79. Iberdrola has a 12-month low of $51.80 and a 12-month high of $78.17. The business has a 50-day moving average price of $74.07 and a two-hundred day moving average price of $66.20.

Iberdrola Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, May 26th were paid a $0.0175 dividend. This represents a yield of 1.03%. The ex-dividend date of this dividend was Friday, May 23rd. Iberdrola's payout ratio is 89.43%.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised shares of Iberdrola to a "buy" rating in a research note on Friday, April 25th.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.