Rheinmetall (OTCMKTS:RNMBY - Get Free Report) released its earnings results on Thursday. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06, Zacks reports. Rheinmetall had a return on equity of 20.97% and a net margin of 6.64%.
Rheinmetall Stock Down 5.6%
OTCMKTS:RNMBY traded down $18.64 during trading hours on Thursday, hitting $315.60. 182,866 shares of the stock traded hands, compared to its average volume of 70,478. The firm has a 50 day moving average price of $353.53 and a 200 day moving average price of $378.80. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. Rheinmetall has a fifty-two week low of $306.69 and a fifty-two week high of $468.90. The firm has a market cap of $73.28 billion, a price-to-earnings ratio of 170.59 and a beta of 0.16.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on RNMBY. Santander raised Rheinmetall to an "outperform" rating in a research note on Monday. Jefferies Financial Group reissued a "buy" rating on shares of Rheinmetall in a research note on Monday, April 20th. Finally, Zacks Research cut Rheinmetall from a "hold" rating to a "strong sell" rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".
View Our Latest Stock Report on Rheinmetall
About Rheinmetall
(
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Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.
The Defense division develops and produces a broad portfolio of products and services for armed forces.
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