Mercedes-Benz Group (OTCMKTS:MBGYY) Issues Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYY) released its quarterly earnings data on Thursday. The company reported C$0.69 earnings per share for the quarter, Zacks reports. Mercedes-Benz Group had a return on equity of 11.66% and a net margin of 7.36%.

Mercedes-Benz Group Stock Performance

Mercedes-Benz Group stock traded down C$0.35 during mid-day trading on Thursday, reaching C$15.85. 245,132 shares of the company were exchanged, compared to its average volume of 286,531. Mercedes-Benz Group has a twelve month low of C$13.36 and a twelve month high of C$20.81. The firm’s 50-day simple moving average is C$14.50 and its two-hundred day simple moving average is C$15.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36. The firm has a market cap of C$61.05 billion, a PE ratio of 5.51 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays downgraded Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 2nd. The Goldman Sachs Group downgraded Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Sanford C. Bernstein cut Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. UBS Group cut Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Berenberg Bank cut Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.