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 results on Thursday. The transportation company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.50 by $0.45, Zacks reports. The company had revenue of $11.85 billion during the quarter, compared to analysts' expectations of $11.81 billion. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%.

Deutsche Lufthansa Stock Up 2.9%

Deutsche Lufthansa stock traded up $0.25 during midday trading on Wednesday, hitting $8.82. 26,809 shares of the company were exchanged, compared to its average volume of 75,332. The company's fifty day moving average price is $8.40 and its 200-day moving average price is $7.60. The company has a market cap of $10.57 billion, a PE ratio of 5.28, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.72. Deutsche Lufthansa has a fifty-two week low of $5.69 and a fifty-two week high of $9.08.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein lowered Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 2nd. DZ Bank raised Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Barclays raised Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average 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.