OMV (OTCMKTS:OMVKY) Posts Quarterly Earnings Results, Beats Estimates By $1.00 EPS

Key Points

• OMV reported earnings of $1.34 per share, significantly exceeding analyst expectations of $0.34, while posting total revenue of $6.64 billion against an anticipated $8.41 billion.
• The company announced a dividend of $0.3423, which was paid on June 17th, representing a remarkable yield of 256.0%.
• OMV's shares received a downgrade to a "moderate sell" rating from Cfra Research, indicating a cautious outlook from analysts.

OMV (OTCMKTS:OMVKY - Get Free Report) issued its earnings results on Thursday. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $0.34 by $1.00, Zacks reports. The business had revenue of $6.64 billion for the quarter, compared to analysts' expectations of $8.41 billion. OMV had a return on equity of 7.36% and a net margin of 3.27%.

OMV Trading Up 0.6%

OTCMKTS OMVKY traded up $0.08 on Friday, reaching $12.83. The stock had a trading volume of 224 shares, compared to its average volume of 14,633. The firm has a market capitalization of $16.79 billion, a price-to-earnings ratio of 5.00, a P/E/G ratio of 1.32 and a beta of 0.27. The company has a quick ratio of 1.35, a current ratio of 1.64 and a debt-to-equity ratio of 0.24. OMV has a 12-month low of $9.42 and a 12-month high of $13.96. The stock has a fifty day moving average price of $13.35 and a two-hundred day moving average price of $12.28.

OMV Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 17th. Shareholders of record on Friday, June 6th were given a $0.3423 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a yield of 256.0%. OMV's payout ratio is presently 22.66%.

Analyst Upgrades and Downgrades

Separately, Cfra Research raised shares of OMV to a "moderate sell" rating in a research report on Wednesday, April 9th.

OMV Company Profile

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.

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.