Rheinmetall (RNMBY) Expected to Release Quarterly Earnings on Thursday

Key Points

• Rheinmetall is expected to report quarterly earnings before Thursday’s market open, with analysts forecasting $1.60 in earnings per share and $3.62 billion in revenue.
• The stock opened at $225.50, down 1.1%, and remains well below its 52-week high of $450.00. Rheinmetall has a $52.62 billion market capitalization and a P/E ratio of 77.49.
• Analyst sentiment remains positive overall, with six Buy ratings and two Hold ratings giving the stock a consensus “Moderate Buy” rating, despite Berenberg downgrading it to Hold.

Rheinmetall (OTCMKTS:RNMBY - Get Free Report) is anticipated to issue its results before the market opens on Thursday, November 5th. Analysts expect Rheinmetall to announce earnings of $1.60 per share and revenue of $3.62 billion for the quarter.

Rheinmetall Trading Down 1.1%

Rheinmetall stock opened at $225.50 on Thursday. Rheinmetall has a 52 week low of $206.50 and a 52 week high of $450.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.50 and a current ratio of 1.00. The firm has a market capitalization of $52.62 billion, a PE ratio of 77.49 and a beta of 0.18. The business's 50-day simple moving average is $235.32 and its 200-day simple moving average is $300.27.

Analyst Ratings Changes

A number of analysts have issued reports on RNMBY shares. Berenberg Bank lowered Rheinmetall from a "strong-buy" rating to a "hold" rating in a report on Friday, October 9th. Zacks Research upgraded Rheinmetall from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 1st. Finally, Royal Bank Of Canada initiated coverage on Rheinmetall in a research report on Tuesday, August 11th. They issued a "moderate buy" rating for the company. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Rheinmetall Company Profile

Rheinmetall AG OTCMKTS: RNMBY is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.

The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.