Daimler Truck (OTCMKTS:DTRUY) Announces Earnings Results

Daimler Truck (OTCMKTS:DTRUY) issued its quarterly earnings results on Friday. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.06), Zacks reports. Daimler Truck had a return on equity of 4.79% and a net margin of 5.87%.

Daimler Truck Stock Down 3.6%

OTCMKTS:DTRUY traded down $0.83 during trading hours on Friday, reaching $22.34. The company had a trading volume of 87,666 shares, compared to its average volume of 61,188. Daimler Truck has a twelve month low of $19.66 and a twelve month high of $28.73. The company has a quick ratio of 1.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.82. The firm has a market cap of $34.21 billion, a price-to-earnings ratio of 44.69 and a beta of 0.12. The business’s 50-day simple moving average is $24.08 and its two-hundred day simple moving average is $24.71.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup reissued a “buy” rating on shares of Daimler Truck in a research report on Wednesday, August 12th. Morgan Stanley lowered Daimler Truck from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Daimler Truck in a research note on Thursday, August 13th. Zacks Research upgraded Daimler Truck from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

About Daimler Truck

Daimler Truck Holding AG is a global commercial vehicle manufacturer headquartered in Leinfelden-Echterdingen, Germany. The company develops, manufactures and sells medium- and heavy-duty trucks, buses and coaches, along with related parts, maintenance, leasing and financing services.

Its portfolio includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz, Thomas Built Buses and Setra. Daimler Truck also develops electric and other alternative-drive commercial vehicles, digital fleet-management solutions and charging-related services to support the transition toward lower-emission transportation.

The company serves customers across Europe, North America, Latin America and Asia, with manufacturing, sales and service operations in multiple international markets.