OMV (OMVKY) Expected to Announce Quarterly Earnings on Wednesday

OMV (OTCMKTS:OMVKY) is anticipated to announce its resultson Wednesday, April 29th. Analysts expect the company to announce earnings of $0.5050 per share and revenue of $8.6789 billion for the quarter.

OMV (OTCMKTS:OMVKY) last released its earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $1.59. The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.79 billion. OMV had a net margin of 4.10% and a return on equity of 8.51%. On average, analysts expect OMV to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OMV Price Performance

Shares of OTCMKTS:OMVKY opened at $17.10 on Monday. OMV has a one year low of $12.23 and a one year high of $18.68. The company has a 50 day moving average of $17.15 and a 200-day moving average of $15.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 4.82 and a beta of -0.09.

Wall Street Analyst Weigh In

OMVKY has been the topic of a number of recent research reports. The Goldman Sachs Group cut shares of OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Royal Bank Of Canada cut shares of OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. HSBC downgraded OMV from a “hold” rating to a “reduce” rating in a research note on Thursday, February 5th. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group downgraded OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, OMV presently has a consensus rating of “Reduce”.

About OMV

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.