Daimler Truck (OTCMKTS:DTRUY) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Daimler Truck (OTCMKTS:DTRUY) released its earnings results on Friday. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.06), Zacks reports. Daimler Truck had a net margin of 5.87% and a return on equity of 4.79%. The business had revenue of $14.47 billion for the quarter, compared to analysts’ expectations of $14.09 billion.

Daimler Truck Trading Down 3.6%

Shares of Daimler Truck stock opened at $22.34 on Friday. Daimler Truck has a 1 year low of $19.66 and a 1 year high of $28.73. The firm has a fifty day moving average price of $23.98 and a 200 day moving average price of $24.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.70 and a quick ratio of 1.33. The stock has a market cap of $34.21 billion, a PE ratio of 44.69 and a beta of 0.12.

Analyst Ratings Changes

A number of research analysts have weighed in on DTRUY shares. Kepler Capital Markets upgraded Daimler Truck from a “reduce” rating to a “buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Daimler Truck in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a report on Thursday, July 23rd. Zacks Research upgraded shares of Daimler Truck from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 29th. Finally, Morgan Stanley downgraded shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 4th. Two investment 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 company’s stock. According to MarketBeat.com, Daimler Truck currently has an average rating of “Buy”.

Daimler Truck Company Profile

Daimler Truck Holding AG is a global manufacturer of commercial vehicles, including heavy- and medium-duty trucks and buses. Its brands include Mercedes-Benz Trucks, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses. The company also provides parts, maintenance, digital and connected-vehicle services, and financing solutions.

Headquartered in Leinfelden-Echterdingen, Germany, Daimler Truck serves customers across Europe, North America, Latin America and Asia. Its business includes vehicles and services for a range of commercial uses, from freight transport to passenger transit.

The company became an independent, publicly listed business in December 2021, following the separation of Daimler AG’s truck and bus operations.