Daimler Truck (OTCMKTS:DTRUY) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Daimler Truck (OTCMKTS:DTRUY) released its quarterly earnings data on Friday. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.06), Zacks reports. The company had revenue of $14.47 billion for the quarter, compared to the consensus estimate of $14.09 billion. Daimler Truck had a return on equity of 4.79% and a net margin of 5.87%.

Daimler Truck Trading Down 3.6%

Daimler Truck stock opened at $22.34 on Friday. Daimler Truck has a 52 week low of $19.66 and a 52 week high of $28.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.33 and a current ratio of 1.70. The firm has a market capitalization of $34.21 billion, a price-to-earnings ratio of 44.69 and a beta of 0.12. The company has a 50 day moving average price of $23.98 and a 200 day moving average price of $24.71.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DTRUY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Daimler Truck in a report on Thursday, July 23rd. Zacks Research raised Daimler Truck from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of Daimler Truck in a research note on Thursday, August 13th. Kepler Capital Markets upgraded Daimler Truck from a “reduce” rating to a “buy” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley lowered shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Daimler Truck Company Profile

Daimler Truck Holding AG is a global manufacturer of commercial vehicles, including heavy- and medium-duty trucks and buses. Its brands include Mercedes-Benz Trucks, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses. The company also provides parts, maintenance, digital and connected-vehicle services, and financing solutions.

Headquartered in Leinfelden-Echterdingen, Germany, Daimler Truck serves customers across Europe, North America, Latin America and Asia. Its business includes vehicles and services for a range of commercial uses, from freight transport to passenger transit.

The company became an independent, publicly listed business in December 2021, following the separation of Daimler AG’s truck and bus operations.