Luckin Coffee (OTCMKTS:LKNCY) Issues Earnings Results

Luckin Coffee (OTCMKTS:LKNCY) released its quarterly earnings data on Tuesday. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.83 by $0.06, Zacks reports. Luckin Coffee had a return on equity of 24.91% and a net margin of 6.78%.

Luckin Coffee Stock Performance

Shares of OTCMKTS:LKNCY opened at $31.20 on Tuesday. The stock has a market cap of $8.95 billion, a P/E ratio of 18.57, a P/E/G ratio of 0.46 and a beta of -0.34. Luckin Coffee has a 12 month low of $27.22 and a 12 month high of $40.80. The company has a 50 day moving average of $33.68 and a 200 day moving average of $33.47.

Wall Street Analyst Weigh In

LKNCY has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Luckin Coffee from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. BNP Paribas Exane raised shares of Luckin Coffee to an “outperform” rating and set a $48.00 target price on the stock in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $46.87.

Luckin Coffee Company Profile

Luckin Coffee Inc is a China-based coffeehouse operator that sells freshly prepared coffee, tea-based beverages, fruit drinks and light food. Its menu includes espresso-based drinks, cold beverages, snacks and seasonal products, with orders placed primarily through its mobile application and fulfilled through company-operated locations and delivery or pickup services.

Founded in 2017, Luckin Coffee built its business around a technology-focused, convenience-oriented model that emphasizes mobile ordering, digitally managed stores and delivery.