Iberdrola (OTCMKTS:IBDRY) Posts Quarterly Earnings Results

Iberdrola (OTCMKTS:IBDRY) issued its earnings results on Thursday. The utilities provider reported $0.06 earnings per share for the quarter, Zacks reports. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%.

Iberdrola Price Performance

Shares of OTCMKTS IBDRY traded down $0.02 during midday trading on Thursday, hitting $58.61. The company had a trading volume of 44,260 shares, compared to its average volume of 126,037. The firm has a market capitalization of $94.37 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. Iberdrola has a twelve month low of $45.19 and a twelve month high of $62.15. The business has a 50-day simple moving average of $55.85 and a two-hundred day simple moving average of $57.29. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 0.67.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Iberdrola to a “hold” rating in a report on Monday, December 2nd.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.