Siemens (OTCMKTS:SIEGY) Releases Earnings Results, Beats Expectations By $0.16 EPS

Key Points

• Siemens reported **$1.44 earnings per share (EPS)** for the quarter, exceeding analysts' estimates of **$1.28** by **$0.16**.
• The company's net margin stands at **12.61%**, with a return on equity of **13.19%**.
• Brokerages have mixed ratings on Siemens stock, with an average rating of **"Hold"** and one investment analyst assigning a **sell** rating.

Siemens (OTCMKTS:SIEGY - Get Free Report) issued its earnings results on Thursday. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.16, Zacks reports. The company had revenue of $22.52 billion during the quarter, compared to analyst estimates of $19.17 billion. Siemens had a return on equity of 13.07% and a net margin of 12.59%.

Siemens Trading Up 2.6%

Shares of SIEGY stock traded up $3.39 during trading on Tuesday, hitting $135.43. 90,990 shares of the stock traded hands, compared to its average volume of 266,726. The firm has a market capitalization of $216.68 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 2.42 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.98. Siemens has a 52-week low of $86.56 and a 52-week high of $136.36. The firm's fifty day moving average price is $127.78 and its 200-day moving average price is $119.96.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SIEGY shares. Wall Street Zen downgraded Siemens from a "buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Morgan Stanley reiterated an "overweight" rating on shares of Siemens in a report on Wednesday, July 30th. Finally, Barclays reiterated an "underweight" rating on shares of Siemens in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

About Siemens

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.