MTU Aero Engines (OTCMKTS:MTUAY) Releases Earnings Results

Key Points

• MTU Aero Engines reported a quarterly earnings of $2.71 per share and revenue of $2.37 billion, showcasing strong financial performance with a return on equity of 26.39%.
• The company has increased its dividend to $0.8513 per share, resulting in a dividend yield of 0.47%, up from the previous dividend of $0.75.
• MTU Aero Engines was upgraded to a "strong-buy" rating by Kepler Capital Markets, signaling improved analyst confidence in the company's prospects.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) released its quarterly earnings data on Thursday. The company reported $2.71 EPS for the quarter, Zacks reports. MTU Aero Engines had a return on equity of 26.39% and a net margin of 10.60%. The company had revenue of $2.37 billion for the quarter.

MTU Aero Engines Stock Performance

MTUAY stock traded down $0.43 during midday trading on Wednesday, reaching $215.84. The company had a trading volume of 3,732 shares, compared to its average volume of 10,079. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $211.59 and a 200 day moving average price of $186.08. MTU Aero Engines has a fifty-two week low of $138.18 and a fifty-two week high of $229.06. The firm has a market capitalization of $23.24 billion, a PE ratio of 24.92 and a beta of 1.31.

MTU Aero Engines Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were issued a $0.8513 dividend. This is a positive change from MTU Aero Engines's previous dividend of $0.75. This represents a yield of 0.47%. The ex-dividend date of this dividend was Monday, May 12th. MTU Aero Engines's payout ratio is currently 9.58%.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised MTU Aero Engines from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 28th.

MTU Aero Engines Company Profile

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).