Deutsche Lufthansa (OTCMKTS:DLAKY) Announces Earnings Results, Misses Estimates By $0.35 EPS

Deutsche Lufthansa (OTCMKTS:DLAKY) released its quarterly earnings results on Wednesday. The transportation company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.35), Zacks reports. Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.15%.

Deutsche Lufthansa Stock Performance

Shares of DLAKY traded up $0.50 during mid-day trading on Wednesday, hitting $9.57. 93,883 shares of the company’s stock were exchanged, compared to its average volume of 229,073. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. Deutsche Lufthansa has a 52 week low of $6.84 and a 52 week high of $11.29. The stock’s 50-day simple moving average is $9.16 and its 200-day simple moving average is $9.50. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays raised Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. The Goldman Sachs Group downgraded Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Zacks Research lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Finally, Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Deutsche Lufthansa has an average rating of “Hold”.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.