MTU Aero Engines (OTCMKTS:MTUAY) Issues Quarterly Earnings Results

MTU Aero Engines (OTCMKTS:MTUAY) released its quarterly earnings data on Thursday. The company reported $2.63 earnings per share for the quarter, Zacks reports. MTU Aero Engines had a net margin of 10.43% and a return on equity of 22.42%.

MTU Aero Engines Price Performance

MTU Aero Engines stock traded up $1.14 during trading on Thursday, reaching $186.66. The company had a trading volume of 28,171 shares, compared to its average volume of 28,459. The firm has a market capitalization of $20.11 billion, a PE ratio of 18.28 and a beta of 1.03. The firm’s 50-day simple moving average is $200.24 and its 200 day simple moving average is $199.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.42. MTU Aero Engines has a 1-year low of $157.93 and a 1-year high of $238.57.

Wall Street Analyst Weigh In

MTUAY has been the topic of several recent analyst reports. Barclays lowered shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Finally, Citigroup upgraded MTU Aero Engines from a “sell” rating to a “buy” rating in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus 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.