OMV (OTCMKTS:OMVKY) Issues Quarterly Earnings Results, Beats Expectations 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) posted its quarterly earnings results on Thursday. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $1.00, Zacks reports. The firm had revenue of $6.64 billion for the quarter, compared to analysts' expectations of $8.41 billion. OMV had a net margin of 3.12% and a return on equity of 7.02%.

OMV Stock Performance

Shares of OMVKY traded down $0.06 during mid-day trading on Tuesday, reaching $12.87. 6,827 shares of the company's stock traded hands, compared to its average volume of 14,442. OMV has a 12 month low of $9.42 and a 12 month high of $13.96. The stock has a market capitalization of $16.85 billion, a P/E ratio of 4.17, a price-to-earnings-growth ratio of 1.33 and a beta of 0.28. The business's 50-day moving average price is $13.33 and its 200-day moving average price is $12.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.64.

OMV Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 17th. Shareholders of record on Friday, June 6th were paid a $0.3423 dividend. The ex-dividend date was Thursday, June 5th. This represents a dividend yield of 256.0%. OMV's dividend payout ratio (DPR) is presently 18.77%.

Analyst Ratings Changes

Separately, Cfra Research raised shares of OMV to a "moderate sell" rating in a 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.