Airbus (OTCMKTS:EADSY) Announces Earnings Results, Beats Expectations By $0.03 EPS

Airbus (OTCMKTS:EADSY) announced its quarterly earnings data on Wednesday. The aerospace company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03, Zacks reports. The business had revenue of $23.36 billion during the quarter, compared to analysts’ expectations of $23.20 billion. Airbus had a net margin of 7.71% and a return on equity of 24.14%.

Airbus Trading Down 1.8%

OTCMKTS EADSY traded down $1.05 during trading hours on Friday, reaching $58.06. The company had a trading volume of 493,498 shares, compared to its average volume of 677,823. The stock has a 50-day moving average of $54.54 and a 200 day moving average of $53.49. Airbus has a 1-year low of $45.01 and a 1-year high of $64.35. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $183.22 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EADSY shares. Zacks Research raised Airbus from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Airbus in a report on Thursday, May 28th. Jefferies Financial Group reiterated a “hold” rating on shares of Airbus in a research report on Friday, July 10th. Kepler Capital Markets raised shares of Airbus from a “hold” rating to a “buy” rating in a research note on Thursday, June 18th. Finally, UBS Group reissued a “buy” rating on shares of Airbus in a research note on Friday, April 10th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Airbus currently has an average rating of “Moderate Buy”.

About Airbus

Airbus SE is a multinational aerospace and defense company that designs, manufactures and supports a broad range of products and services for civil and military customers worldwide. The company’s activities span commercial aircraft, helicopters, defense and space systems, and a growing portfolio of services that include maintenance, training, digital solutions and aftermarket support. Airbus is organized into major business divisions that reflect these activities and operates an extensive industrial and supplier footprint across multiple countries.

In the commercial aircraft segment Airbus is best known for its A320 family of single-aisle jets and larger widebody models such as the A330 and A350 series, as well as the A380 superjumbo.