Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $8.39, but opened at $8.16. Deutsche Lufthansa shares last traded at $8.13, with a volume of 586 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Barclays cut Deutsche Lufthansa from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on DLAKY
Deutsche Lufthansa Stock Performance
The company has a market capitalization of $10.02 billion, a PE ratio of 7.33, a PEG ratio of 1.51 and a beta of 1.16. The company has a quick ratio of 0.75, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $7.69 and a two-hundred day moving average price of $7.17.
Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.17). The company had revenue of $9.25 billion during the quarter, compared to analysts' expectations of $7.93 billion. Deutsche Lufthansa had a net margin of 3.31% and a return on equity of 12.11%. Analysts predict that Deutsche Lufthansa AG will post 0.87 EPS for the current fiscal year.
Deutsche Lufthansa Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a dividend of $0.2226 per share. This represents a yield of 3.09%. This is a boost from Deutsche Lufthansa's previous dividend of $0.22. The ex-dividend date was Thursday, May 8th. Deutsche Lufthansa's payout ratio is presently 19.30%.
Hedge Funds Weigh In On Deutsche Lufthansa
A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC raised its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,809 shares of the transportation company's stock after buying an additional 6,749 shares during the quarter. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.
About Deutsche Lufthansa
(
Get Free Report)
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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