Iberdrola (IBDRY) to Post Quarterly Earnings on Wednesday

Iberdrola (OTCMKTS:IBDRY) is expected to announce its results before the market opens on Wednesday, July 22nd. Analysts expect the company to post earnings of $1.14 per share and revenue of $12.1491 billion for the quarter.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.62 billion. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%. On average, analysts expect Iberdrola to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Iberdrola Stock Performance

Shares of IBDRY stock opened at $97.15 on Wednesday. The stock has a market cap of $164.13 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.45 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78. The company has a fifty day moving average price of $93.93 and a two-hundred day moving average price of $92.01. Iberdrola has a one year low of $69.66 and a one year high of $100.64.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IBDRY. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Citigroup upgraded Iberdrola to a “hold” rating in a report on Friday, June 26th. Finally, Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Iberdrola presently has a consensus rating of “Hold”.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.