Deutsche Lufthansa (OTCMKTS:DLAKY) Posts Earnings Results, Misses Estimates By $0.21 EPS

Deutsche Lufthansa (OTCMKTS:DLAKY) released its quarterly earnings data on Tuesday. The transportation company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21), Zacks reports. The company had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.

Deutsche Lufthansa Stock Performance

OTCMKTS DLAKY opened at $9.89 on Wednesday. The business’s 50-day moving average price is $10.32 and its 200 day moving average price is $9.85. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. Deutsche Lufthansa has a twelve month low of $7.91 and a twelve month high of $11.53. The company has a market capitalization of $11.89 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.65 and a beta of 0.96.

Analysts Set New Price Targets

Several research firms recently commented on DLAKY. Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Citigroup downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.