Deutsche Lufthansa (OTCMKTS:DLAKY) Posts Earnings Results, Beats Expectations By $0.45 EPS

Key Points

• Deutsche Lufthansa reported a quarterly earnings per share of $0.95, surpassing analysts' expectations of $0.50 by $0.45.
• The company achieved quarterly revenue of $11.85 billion, slightly above the forecast of $11.81 billion.
• Shares of Deutsche Lufthansa fell 1.8%, trading at $8.38, following a rating downgrade from "outperform" to "market perform" by Sanford C. Bernstein.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) posted its quarterly earnings data on Thursday. The transportation company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.45, Zacks reports. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%. The firm had revenue of $11.85 billion during the quarter, compared to analysts' expectations of $11.81 billion.

Deutsche Lufthansa Trading Down 1.8%

Shares of Deutsche Lufthansa stock traded down $0.15 during trading hours on Friday, reaching $8.38. 46,277 shares of the company's stock were exchanged, compared to its average volume of 32,537. Deutsche Lufthansa has a 52-week low of $5.69 and a 52-week high of $9.08. The company has a fifty day moving average of $8.36 and a 200-day moving average of $7.55. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 5.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein cut shares of Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.

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