MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Down - What's Next?

Key Points

• MTU Aero Engines shares fell sharply, opening at $177.41 versus a prior close of $187.51 and trading around $178.30, down 5.4%.
• Analyst views are mixed: Citigroup upgraded the stock to “buy,” while Barclays downgraded it to “strong sell.” The overall consensus rating remains “Hold.”
• MTU narrowly missed quarterly earnings expectations, reporting $2.82 per share versus $2.83 expected, though revenue of $2.83 billion exceeded the $2.60 billion consensus estimate.

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report)'s share price gapped down prior to trading on Friday. The stock had previously closed at $187.51, but opened at $177.41. MTU Aero Engines shares last traded at $178.30, with a volume of 2,056 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on MTUAY. Citigroup raised shares of MTU Aero Engines from a "sell" rating to a "buy" rating in a research note on Thursday, September 24th. Barclays downgraded shares of MTU Aero Engines from an "equal weight" rating to a "strong sell" rating in a research report on Friday, August 7th. Jefferies Financial Group reiterated a "buy" rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

MTU Aero Engines Trading Down 5.4%

The company has a quick ratio of 1.06, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The firm has a market cap of $19.12 billion, a price-to-earnings ratio of 17.38 and a beta of 1.03. The business's fifty day moving average is $202.85 and its two-hundred day moving average is $194.80.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.83 by ($0.01). The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.60 billion. MTU Aero Engines had a return on equity of 22.42% and a net margin of 10.43%. Equities analysts anticipate that MTU Aero Engines AG will post 11.32 earnings per share for the current fiscal year.

About MTU Aero Engines

MTU Aero Engines AG is a Germany-based manufacturer of aircraft engines and engine components. The company develops, produces, and supports commercial and military propulsion systems, as well as industrial gas turbines. Its activities cover the full engine life cycle, including design, engineering, manufacturing, assembly, maintenance, repair, and overhaul.

MTU supplies major engine modules, components, and complete propulsion systems for a range of aircraft. The company participates in international programs such as the Pratt & Whitney GTF family for commercial aircraft, the EJ200 engine for the Eurofighter, and the TP400-D6 engine for the Airbus A400M military transport aircraft.

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