Deutsche Lufthansa (OTCMKTS:DLAKY) Announces Quarterly Earnings Results

Deutsche Lufthansa (OTCMKTS:DLAKY) posted its quarterly earnings results on Tuesday. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21), Zacks reports. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.

Deutsche Lufthansa Price Performance

Shares of DLAKY opened at $10.71 on Tuesday. The business’s 50-day moving average is $10.32 and its two-hundred day moving average is $9.84. The company has a market capitalization of $12.87 billion, a P/E ratio of 7.14, a P/E/G ratio of 0.64 and a beta of 0.96. Deutsche Lufthansa has a fifty-two week low of $7.91 and a fifty-two week high of $11.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 0.81.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. Barclays cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Zacks Research raised Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Citigroup lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Deutsche Lufthansa Company Profile

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.