Daimler Truck (DTRUY) Expected to Post Quarterly Earnings on Wednesday

Daimler Truck (OTCMKTS:DTRUY) is expected to be issuing its results before the market opens on Wednesday, November 4th. Analysts expect Daimler Truck to post earnings of $0.5760 per share and revenue of $14.06 billion for the quarter.

Daimler Truck (OTCMKTS:DTRUY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.39). The company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.29 billion. On average, analysts expect Daimler Truck to post $2.00 EPS for the current fiscal year and $2.46 EPS for the next fiscal year.

Daimler Truck Stock Performance

Shares of DTRUY opened at $22.55 on Wednesday. The stock has a fifty day moving average price of $24.63 and a two-hundred day moving average price of $24.74. Daimler Truck has a 52-week low of $19.43 and a 52-week high of $28.73. The company has a market cap of $34.53 billion, a price-to-earnings ratio of 45.10 and a beta of 0.06.

Wall Street Analyst Weigh In

DTRUY has been the subject of a number of research reports. Kepler Capital Markets upgraded Daimler Truck from a “reduce” rating to a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley downgraded shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 4th. Citigroup reissued a “buy” rating on shares of Daimler Truck in a report on Wednesday, August 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Daimler Truck in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Daimler Truck in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Daimler Truck

Daimler Truck Holding AG is a global commercial vehicle manufacturer headquartered in Leinfelden-Echterdingen, Germany. The company develops, manufactures and sells medium- and heavy-duty trucks, buses and coaches, along with related parts, maintenance, leasing and financing services.

Its portfolio includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz, Thomas Built Buses and Setra. Daimler Truck also develops electric and other alternative-drive commercial vehicles, digital fleet-management solutions and charging-related services to support the transition toward lower-emission transportation.

The company serves customers across Europe, North America, Latin America and Asia, with manufacturing, sales and service operations in multiple international markets.