MTU Aero Engines (OTCMKTS:MTUAY) Posts Earnings Results

MTU Aero Engines (OTCMKTS:MTUAY) posted its earnings results on Tuesday. The company reported $2.67 earnings per share for the quarter, Zacks reports. The business had revenue of $2.83 billion during the quarter. MTU Aero Engines had a return on equity of 24.66% and a net margin of 11.74%.

MTU Aero Engines Price Performance

Shares of MTU Aero Engines stock traded down $5.74 during trading on Thursday, reaching $219.72. The company’s stock had a trading volume of 1,470 shares, compared to its average volume of 13,725. The business has a 50 day moving average price of $222.20 and a 200-day moving average price of $217.94. MTU Aero Engines has a 12-month low of $145.02 and a 12-month high of $238.57. The company has a market capitalization of $23.65 billion, a P/E ratio of 20.52 and a beta of 1.08. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MTUAY shares. Citigroup restated a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday. Royal Bank Of Canada raised shares of MTU Aero Engines to a “hold” rating in a research report on Tuesday, November 18th. Finally, Zacks Research raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MTU Aero Engines has a consensus rating of “Moderate Buy”.

MTU Aero Engines Company Profile

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.