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OBDC and SIEGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 22, 2023.
In the most recent trading session, Siemens AG (SIEGY) closed at $90.54, indicating a -0.51% shift from the previous trading day.
German industrial giant Siemens on Thursday gave a cautious sales forecast for 2024, after netting a record profit in the previous financial year driven by its digital division.
Siemens AG said on Wednesday that intends to buy an 18% share from Siemens Energy in their Indian joint venture Siemens Ltd for 2.1 billion euros ($2.28 billion), reflecting a discount of 15% on the average price.
Siemens AG (SIEGY) closed at $66.19 in the latest trading session, marking a +0.39% move from the prior day.
Siemens AG (SIEGY) reachead $73.45 at the closing of the latest trading day, reflecting a +1.49% change compared to its last close.
Roland Busch, Siemens CEO, says we are running out of time," on the energy transition. "We have to really take action now," he says.
Siemens, though subject to cyclical business trends, has seen its stock fluctuate between undervalued and overvalued levels over the past few years. Siemens reported solid Q3 earnings, with €18.9 billion in revenue, up 10% YoY, and anticipates future EPS growth. The recent 20% stock price drop presents a chance for value and income-focused investors to acquire a high-quality business at an attractive valuation.
Siemens Aktiengesellschaft (OTCPK:SIEGY) Q3 2023 Earnings Conference Call August 10, 2023 3:30 AM ET Company Participants Eva Scherer - Head, IR Roland Busch - President & CEO Ralf Thomas - CFO Conference Call Participants Alexander Virgo - Bank of America Ben Uglow - Morgan Stanley Andrew Wilson - JPMorgan Gael de-Bray - Deutsche Bank Simon Toennessen – Jefferies Daniela Costa - Goldman Sachs Philip Buller - Berenberg Operator Good morning, ladies and gentlemen, and welcome to the Siemens 2023 Third Quarter Conference Call. As a reminder, this call is being recorded.
Siemens AG (SIEGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).