DHL Group (OTCMKTS:DHLGY) Reaches New 52-Week High After Strong Earnings

DHL Group Sponsored ADR (OTCMKTS:DHLGY)’s share price hit a new 52-week high on Wednesday following a stronger than expected earnings report. The company traded as high as $33.44 and last traded at $33.3660, with a volume of 83954 shares trading hands. The stock had previously closed at $33.0635.

The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.54. DHL Group had a return on equity of 16.98% and a net margin of 4.38%.The business had revenue of $25.84 billion during the quarter, compared to the consensus estimate of $24.20 billion.

Analyst Upgrades and Downgrades

DHLGY has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded shares of DHL Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Citigroup reissued a “buy” rating on shares of DHL Group in a research report on Friday, May 8th. Barclays reissued an “overweight” rating on shares of DHL Group in a research note on Tuesday, June 16th. Kepler Capital Markets upgraded DHL Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DHL Group in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, DHL Group presently has a consensus rating of “Moderate Buy”.

DHL Group Stock Down 0.7%

The company has a market cap of $71.16 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.93. The stock has a fifty day moving average price of $31.19 and a two-hundred day moving average price of $38.82.

DHL Group Company Profile

DHL Group (OTCMKTS: DHLGY) is the international logistics and postal services business of Deutsche Post DHL Group, headquartered in Bonn, Germany. The company operates a global network that serves corporate and individual customers with a range of logistics solutions spanning domestic and international mail and parcel services, express courier operations, freight forwarding, contract logistics and supply chain management. It offers services to e-commerce retailers, manufacturers, healthcare and automotive companies, among other industries.

Its principal operating activities are organized across distinct logistics businesses including express courier services for time‑sensitive international shipments, global forwarding and freight for air, ocean and road transport, contract logistics for warehousing and distribution, e‑commerce fulfillment solutions, and national postal and parcel operations in Germany.