Deutsche Lufthansa (OTCMKTS:DLAKY) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Deutsche Lufthansa (OTCMKTS:DLAKY) posted its quarterly earnings data on Friday. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), Zacks reports. The business had revenue of $11.52 billion during the quarter, compared to analysts’ expectations of $11.38 billion. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%.

Deutsche Lufthansa Price Performance

OTCMKTS DLAKY opened at $9.51 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05. Deutsche Lufthansa has a 12 month low of $6.21 and a 12 month high of $11.29. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.64 and a beta of 0.84. The company’s 50 day moving average is $10.34 and its two-hundred day moving average is $9.48.

Analysts Set New Price Targets

DLAKY has been the subject of a number of research reports. Barclays cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Zacks Research lowered Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Kepler Capital Markets raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Deutsche Lufthansa presently has an average rating of “Hold”.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.