Mercedes-Benz Group (OTCMKTS:MBGYY) Releases Earnings Results

Key Points

• Mercedes-Benz Group reported earnings of C$0.27 per share for the quarter, with a net margin of 6.22% and a return on equity of 9.65%.
• The company's stock price decreased by 4.7% to C$14.59, with a market capitalization of C$56.18 billion and a price-to-earnings ratio of 3.83.
• Mercedes-Benz Group announced a dividend of $0.8297, offering a yield of 5.54%, with a payout ratio currently at 21.26%.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported C$0.27 earnings per share for the quarter, Zacks reports. The business had revenue of C$37.62 billion for the quarter. Mercedes-Benz Group had a net margin of 4.85% and a return on equity of 7.35%.

Mercedes-Benz Group Stock Performance

MBGYY stock traded down C$0.07 during mid-day trading on Friday, hitting C$14.15. 251,100 shares of the company were exchanged, compared to its average volume of 241,980. Mercedes-Benz Group has a 1-year low of C$12.55 and a 1-year high of C$17.54. The firm has a market cap of C$54.50 billion, a P/E ratio of 4.30 and a beta of 1.01. The firm's 50 day simple moving average is C$14.76 and its 200 day simple moving average is C$14.94.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.