Iberdrola (OTCMKTS:IBDRY) Stock Price Down 1.3% - What's Next?

Key Points

• Iberdrola stock price decreased by 1.3% on Monday, trading at $75.54, with a significant drop in share volume of 25% compared to the average.
• Analysts have upgraded Iberdrola to a "buy" rating, reflecting a positive outlook despite recent stock fluctuations.
• The company reported $1.10 EPS exceeding expectations, but its revenue fell short of estimates at $11.21 billion in its last earnings announcement.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) was down 1.3% on Monday . The company traded as low as $75.39 and last traded at $75.54. Approximately 101,323 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 135,185 shares. The stock had previously closed at $76.53.

Analyst Upgrades and Downgrades

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

Iberdrola Price Performance

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 business's fifty day simple moving average is $73.91 and its 200 day simple moving average is $68.19. The stock has a market cap of $121.63 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.04. The business had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.73 billion. Iberdrola had a return on equity of 8.18% and a net margin of 11.30%. Research analysts predict that Iberdrola S.A. will post 3.57 EPS for the current fiscal year.

Iberdrola Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, May 26th were given a $0.0175 dividend. This represents a dividend yield of 103.0%. The ex-dividend date of this dividend was Friday, May 23rd. Iberdrola's dividend payout ratio is presently 90.03%.

About Iberdrola

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.