Luckin Coffee (OTCMKTS:LKNCY) Issues Earnings Results, Beats Estimates By $0.06 EPS

Luckin Coffee (OTCMKTS:LKNCY) released its earnings results on Tuesday. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06, Zacks reports. Luckin Coffee had a net margin of 6.78% and a return on equity of 24.91%.

Luckin Coffee Stock Up 0.9%

LKNCY stock opened at $31.20 on Tuesday. The business has a 50 day moving average price of $33.68 and a two-hundred day moving average price of $33.47. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 0.46 and a beta of -0.34. Luckin Coffee has a twelve month low of $27.22 and a twelve month high of $40.80.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LKNCY shares. Zacks Research cut shares of Luckin Coffee from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. BNP Paribas Exane upgraded shares of Luckin Coffee to an “outperform” rating and set a $48.00 price objective for the company in a research note on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $46.87.

Luckin Coffee Company Profile

Luckin Coffee Inc is a China-based coffeehouse operator that sells freshly prepared coffee, tea-based beverages, fruit drinks and light food. Its menu includes espresso-based drinks, cold beverages, snacks and seasonal products, with orders placed primarily through its mobile application and fulfilled through company-operated locations and delivery or pickup services.

Founded in 2017, Luckin Coffee built its business around a technology-focused, convenience-oriented model that emphasizes mobile ordering, digitally managed stores and delivery.