Deutsche Boerse (OTCMKTS:DBOEY) Releases Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Deutsche Boerse reported quarterly earnings of $0.34 per share, surpassing analysts' expectations of $0.28 by $0.06, and generated a revenue of $3.51 billion.
• The company announced a dividend increase to $0.2651 per share, marking an increase from the previous dividend of $0.26, with a yield of 0.83%.
• Analysts have shown mixed reactions, with Kepler Capital Markets and UBS Group downgrading their ratings to "hold", while Deutsche Bank maintains a "buy" rating on Deutsche Boerse.

Deutsche Boerse (OTCMKTS:DBOEY - Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.06, Zacks reports. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. Deutsche Boerse had a net margin of 30.17% and a return on equity of 19.34%.

Deutsche Boerse Stock Performance

Shares of DBOEY stock opened at $29.91 on Friday. The company has a market capitalization of $56.32 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 4.68 and a beta of 0.67. The company's 50 day moving average price is $31.65 and its two-hundred day moving average price is $29.23. Deutsche Boerse has a 52 week low of $19.28 and a 52 week high of $33.52.

Deutsche Boerse Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were issued a dividend of $0.2651 per share. This is an increase from Deutsche Boerse's previous dividend of $0.26. This represents a yield of 0.83%. The ex-dividend date was Friday, May 16th. Deutsche Boerse's dividend payout ratio (DPR) is 22.61%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Kepler Capital Markets downgraded shares of Deutsche Boerse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Deutsche Boerse in a research report on Friday, July 11th. Finally, UBS Group downgraded shares of Deutsche Boerse from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th.

About Deutsche Boerse

Deutsche Börse AG operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Data & Analytics; Trading & Clearing; Fund Services; and Securities Services. It engages in the trading of derivatives, electricity and gas products, emission rights, foreign exchange, and commodity products; operating EEX and 360T over the counter trading platform for financial instruments, such as foreign exchange, money market, and interest rate products; and operating as a central counterparty.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.