Deutsche Lufthansa (OTCMKTS:DLAKY) Releases Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Deutsche Lufthansa (OTCMKTS:DLAKY) announced its quarterly earnings results on Tuesday. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21), Zacks reports. The company had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.79%.

Deutsche Lufthansa Stock Up 1.4%

Deutsche Lufthansa stock opened at $10.03 on Thursday. Deutsche Lufthansa has a fifty-two week low of $7.91 and a fifty-two week high of $11.53. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 0.60 and a beta of 0.96. The stock’s fifty day moving average is $10.33 and its two-hundred day moving average is $9.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 0.81.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DLAKY. Citigroup lowered shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Barclays downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Zacks Research upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Morgan Stanley lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. One 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 stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

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.