Swisscom (OTCMKTS:SCMWY) Announces Quarterly Earnings Results, Misses Estimates By $0.27 EPS

Key Points

• Swisscom's quarterly earnings were reported at $0.61 EPS, falling short of analysts' expectations of $0.88 EPS.
• The company generated $4.57 billion in revenue, also below the consensus estimate of $4.61 billion.
• Berenberg Bank has upgraded Swisscom's stock rating to "hold" as of June 26th.

Swisscom (OTCMKTS:SCMWY - Get Free Report) posted its earnings results on Thursday, August 7th. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.27), Zacks reports. Swisscom had a return on equity of 10.09% and a net margin of 9.29%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.61 billion.

Swisscom Trading Down 0.4%

Shares of OTCMKTS:SCMWY traded down $0.26 during trading on Thursday, reaching $72.07. The stock had a trading volume of 7,161 shares, compared to its average volume of 13,579. The firm's fifty day moving average is $70.44 and its 200 day moving average is $64.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.85 and a current ratio of 0.85. Swisscom has a 52 week low of $54.66 and a 52 week high of $73.21. The stock has a market cap of $373.33 billion, a price-to-earnings ratio of 24.27 and a beta of 0.30.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of Swisscom to a "hold" rating in a report on Thursday, June 26th.

Swisscom Company Profile

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.