MTU Aero Engines (OTCMKTS:MTUAY) Releases Earnings Results, Meets Expectations

MTU Aero Engines (OTCMKTS:MTUAY) released its quarterly earnings results on Thursday. The company reported $2.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.63, Zacks reports. MTU Aero Engines had a net margin of 9.87% and a return on equity of 22.52%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.78 billion.

MTU Aero Engines Price Performance

Shares of OTCMKTS MTUAY traded down $4.31 during mid-day trading on Friday, reaching $182.60. The company’s stock had a trading volume of 16,382 shares, compared to its average volume of 19,898. MTU Aero Engines has a 1-year low of $157.93 and a 1-year high of $238.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.42. The stock has a market capitalization of $19.67 billion, a P/E ratio of 18.43 and a beta of 1.03. The stock has a 50-day moving average of $199.20 and a two-hundred day moving average of $198.87.

Analyst Ratings Changes

A number of equities analysts have issued reports on MTUAY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Citigroup upgraded shares of MTU Aero Engines from a “sell” rating to a “buy” rating in a research note on Thursday, September 24th. Finally, Barclays lowered MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About MTU Aero Engines

MTU Aero Engines AG is a Germany-based manufacturer of aircraft engines and engine components. The company develops, produces, and supports commercial and military propulsion systems, as well as industrial gas turbines. Its activities cover the full engine life cycle, including design, engineering, manufacturing, assembly, maintenance, repair, and overhaul.

MTU supplies major engine modules, components, and complete propulsion systems for a range of aircraft. The company participates in international programs such as the Pratt & Whitney GTF family for commercial aircraft, the EJ200 engine for the Eurofighter, and the TP400-D6 engine for the Airbus A400M military transport aircraft.