Deutsche Lufthansa (OTCMKTS:DLAKY) Announces Earnings Results, Misses Expectations By $0.35 EPS

Deutsche Lufthansa (OTCMKTS:DLAKY) issued its quarterly earnings results on Wednesday. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35), Zacks reports. The company had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.91% and a net margin of 3.83%.

Deutsche Lufthansa Trading Down 1.1%

DLAKY stock traded down $0.11 during midday trading on Friday, reaching $9.49. The company’s stock had a trading volume of 20,250 shares, compared to its average volume of 251,225. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a fifty day simple moving average of $9.13 and a two-hundred day simple moving average of $9.51. Deutsche Lufthansa has a 1 year low of $6.84 and a 1 year high of $11.29. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.60 and a beta of 0.92.

Analysts Set New Price Targets

DLAKY has been the subject of a number of analyst reports. Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday. The Goldman Sachs Group downgraded Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Zacks Research downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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.