Deutsche Lufthansa (OTCMKTS:DLAKY) Announces Earnings Results, Misses Expectations By $0.02 EPS

Deutsche Lufthansa (OTCMKTS:DLAKY) announced its quarterly earnings results on Friday. The transportation company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), Zacks reports. Deutsche Lufthansa had a net margin of 4.45% and a return on equity of 15.73%. The company had revenue of $11.52 billion during the quarter, compared to analysts’ expectations of $11.38 billion.

Deutsche Lufthansa Stock Performance

OTCMKTS:DLAKY opened at $9.51 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.77. The firm has a market cap of $11.40 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 0.64 and a beta of 0.84. The firm’s fifty day moving average price is $10.34 and its 200 day moving average price is $9.48. Deutsche Lufthansa has a 1-year low of $6.21 and a 1-year high of $11.29.

Analyst Ratings Changes

DLAKY has been the topic of several research reports. Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. Zacks Research cut Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. raised Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Deutsche Lufthansa Company Profile

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.