Siemens AG (OTCMKTS:SIEGY) – Research analysts at William Blair decreased their Q2 2018 earnings per share estimates for shares of Siemens in a note issued to investors on Monday. William Blair analyst N. Heymann now forecasts that the technology company will post earnings per share of $0.97 for the quarter, down from their prior estimate of $0.99. William Blair also issued estimates for Siemens’ Q3 2018 earnings at $1.00 EPS and Q4 2018 earnings at $1.09 EPS.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Siemens from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine downgraded shares of Siemens from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Morgan Stanley upgraded shares of Siemens from an “equal weight” rating to an “overweight” rating in a report on Monday, December 11th. Finally, Barclays downgraded shares of Siemens from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 5th.
Siemens (OTCMKTS:SIEGY) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.08. Siemens had a net margin of 7.59% and a return on equity of 15.45%. The firm had revenue of $23.35 billion for the quarter, compared to analyst estimates of $24.69 billion. COPYRIGHT VIOLATION WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2018/02/07/william-blair-comments-on-siemens-ags-q2-2018-earnings-siegy.html.
Siemens Company Profile
Siemens AG is a Germany-based technology company with activities in the fields of electrification, automation and digitalization. It is also a supplier of systems for power generation and transmission, as well as medical diagnosis. It operates through nine segments: Power and Gas; Wind Power and Renewables; Energy Management; Building Technologies; Mobility; Digital Factory; Process Industries and Drives; Healthineers, and Financial Services.
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