Siemens Energy (OTCMKTS:SMNEY) Trading 1.1% Higher - What's Next?

Key Points

• Siemens Energy's stock price increased by 1.1% to $117.53, with a trading volume of 110,838 shares—a decline from the average volume of 116,652 shares.
• Wall Street analysts are optimistic about Siemens Energy, as Zacks and HSBC both upgraded the stock to a "strong-buy" rating, while Morgan Stanley maintained an "overweight" rating.
• The company reported earnings of $0.79 per share, surpassing the consensus estimate of $0.31, with a revenue of $11.06 billion against an expectation of $10.64 billion.

Shares of Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report) shot up 1.1% on Tuesday . The stock traded as high as $117.53 and last traded at $117.53. 110,838 shares were traded during mid-day trading, a decline of 5% from the average session volume of 116,652 shares. The stock had previously closed at $116.25.

Wall Street Analyst Weigh In

SMNEY has been the subject of a number of research reports. Zacks Research raised shares of Siemens Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Hsbc Global Res raised shares of Siemens Energy to a "strong-buy" rating in a research report on Friday, September 5th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Siemens Energy in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Siemens Energy has a consensus rating of "Moderate Buy".

Siemens Energy Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The stock has a market cap of $93.94 billion, a PE ratio of 99.60, a P/E/G ratio of 1.24 and a beta of 2.04. The business's 50-day moving average price is $111.28 and its 200-day moving average price is $95.03.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last announced its earnings results 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. The company had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.64 billion. Siemens Energy had a net margin of 2.50% and a return on equity of 9.57%. As a group, equities research analysts expect that Siemens Energy AG Unsponsored ADR will post 0.24 earnings per share 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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