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

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

Mercedes-Benz Group Stock Down 2.2 %

MBGYY stock traded down C$0.35 during midday trading on Thursday, reaching C$15.85. 245,132 shares of the company’s stock traded hands, compared to its average volume of 286,531. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is C$14.50 and its 200-day moving average price is C$15.07. The company has a market cap of C$61.05 billion, a price-to-earnings ratio of 5.51 and a beta of 1.22. Mercedes-Benz Group has a 52 week low of C$13.36 and a 52 week high of C$20.81.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Barclays lowered shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, December 2nd. The Goldman Sachs Group lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Berenberg Bank lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein lowered shares of Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.