Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down Following Weak Earnings

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s stock price gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $10.71, but opened at $9.51. Deutsche Lufthansa shares last traded at $9.61, with a volume of 9,644 shares traded.

The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.

Analysts Set New Price Targets

DLAKY has been the topic of several research analyst reports. Morgan Stanley lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. Barclays cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. Zacks Research upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Citigroup cut Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Institutional Trading of Deutsche Lufthansa

Several hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC acquired a new stake in shares of Deutsche Lufthansa during the 1st quarter worth approximately $204,000. GAMMA Investing LLC raised its holdings in Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after buying an additional 4,779 shares during the period. Finally, Fulton Bank N.A. acquired a new position in shares of Deutsche Lufthansa in the 2nd quarter worth approximately $120,000.

Deutsche Lufthansa Stock Down 9.7%

The business has a 50 day simple moving average of $10.32 and a 200 day simple moving average of $9.84. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.64 and a beta of 0.96.

About Deutsche Lufthansa

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.