MTU Aero Engines (OTCMKTS:MTUAY) Releases Earnings Results, Misses Expectations By $0.01 EPS

MTU Aero Engines (OTCMKTS:MTUAY) issued its quarterly earnings results on Thursday. The company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.01), Zacks reports. MTU Aero Engines had a return on equity of 24.07% and a net margin of 11.28%.

MTU Aero Engines Stock Performance

OTCMKTS MTUAY traded up $0.81 during trading hours on Thursday, reaching $207.05. The company’s stock had a trading volume of 12,782 shares, compared to its average volume of 27,049. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $192.10 and a 200 day simple moving average of $197.48. MTU Aero Engines has a 52 week low of $157.93 and a 52 week high of $238.57. The stock has a market cap of $22.31 billion, a PE ratio of 19.37 and a beta of 1.01.

Analyst Ratings Changes

Several analysts have issued reports on the company. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. UBS Group lowered MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. Berenberg Bank lowered MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Kepler Capital Markets upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Finally, BNP Paribas Exane assumed coverage on shares of MTU Aero Engines in a report on Monday, April 13th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About MTU Aero Engines

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.