DHL Group (OTCMKTS:DHLGY) Reaches New 12-Month High Following Strong Earnings

DHL Group Sponsored ADR (OTCMKTS:DHLGY)’s stock price reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $33.44 and last traded at $33.3660, with a volume of 83954 shares. The stock had previously closed at $33.0635.

The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.54. The company had revenue of $25.84 billion during the quarter, compared to analyst estimates of $24.20 billion. DHL Group had a return on equity of 16.98% and a net margin of 4.38%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DHLGY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of DHL Group in a research note on Wednesday, July 8th. Zacks Research upgraded DHL Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Barclays reaffirmed an “overweight” rating on shares of DHL Group in a report on Tuesday, June 16th. Kepler Capital Markets upgraded DHL Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Finally, Citigroup reissued a “buy” rating on shares of DHL Group in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, DHL Group currently has a consensus rating of “Moderate Buy”.

DHL Group Price Performance

The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The firm’s fifty day moving average price is $31.19 and its 200-day moving average price is $38.82. The stock has a market cap of $71.16 billion, a P/E ratio of 11.13, a PEG ratio of 1.49 and a beta of 1.20.

About DHL Group

DHL Group (OTCMKTS: DHLGY) is the international logistics and postal services business of Deutsche Post DHL Group, headquartered in Bonn, Germany. The company operates a global network that serves corporate and individual customers with a range of logistics solutions spanning domestic and international mail and parcel services, express courier operations, freight forwarding, contract logistics and supply chain management. It offers services to e-commerce retailers, manufacturers, healthcare and automotive companies, among other industries.

Its principal operating activities are organized across distinct logistics businesses including express courier services for time‑sensitive international shipments, global forwarding and freight for air, ocean and road transport, contract logistics for warehousing and distribution, e‑commerce fulfillment solutions, and national postal and parcel operations in Germany.