Siemens Energy (OTCMKTS:SMNEY) Hits New 12-Month High - Here's What Happened

Key Points

• Siemens Energy's share price reached a new **12-month high** of $121.81 during trading, up from a previous close of $117.53, with a trading volume of 28,939 shares.
• Analysts have updated their ratings for Siemens Energy, with **Zacks Research** and **HSBC Global Research** upgrading it to "strong-buy," contributing to an average rating of **"Moderate Buy."**
• In its last quarterly report, Siemens Energy reported earnings per share of **$0.79**, significantly beating the consensus estimate of **$0.31**, along with revenue of **$11.06 billion** versus an expected **$10.64 billion**.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $121.81 and last traded at $121.53, with a volume of 28939 shares trading hands. The stock had previously closed at $117.53.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SMNEY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Siemens Energy in a research report on Friday, August 8th. Zacks Research upgraded Siemens Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Finally, Hsbc Global Res upgraded Siemens Energy to a "strong-buy" rating in a research note on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Siemens Energy presently has an average rating of "Moderate Buy".

Siemens Energy Stock Up 4.7%

The stock has a 50-day moving average of $111.28 and a two-hundred day moving average of $95.03. The company has a market cap of $98.32 billion, a P/E ratio of 104.24, a P/E/G ratio of 1.24 and a beta of 2.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.90.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.48. Siemens Energy had a return on equity of 9.57% and a net margin of 2.50%.The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.64 billion. On average, research analysts anticipate that Siemens Energy AG Unsponsored ADR will post 0.24 EPS for the current fiscal year.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.

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