Iberdrola (OTCMKTS:IBDRY) Reaches New 1-Year High - Here's What Happened

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as $75.85 and last traded at $75.68, with a volume of 19934 shares trading hands. The stock had previously closed at $74.50.

Wall Street Analysts Forecast Growth

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

Iberdrola Stock Performance

The company has a market capitalization of $124.38 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. The company has a current ratio of 0.69, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71. The stock has a 50-day simple moving average of $72.00 and a 200-day simple moving average of $62.94.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.08. Iberdrola had a net margin of 10.81% and a return on equity of 7.69%. The firm had revenue of $14.64 billion for the quarter, compared to analysts' expectations of $11.06 billion. On average, analysts anticipate that Iberdrola S.A. will post 3.57 earnings per share for the current year.

Iberdrola Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, May 26th were paid a $0.0175 dividend. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 1.03%. Iberdrola's dividend payout ratio (DPR) is presently 46.45%.

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.