Luckin Coffee (OTCMKTS:LKNCY) Announces Earnings Results

Luckin Coffee (OTCMKTS:LKNCY) released its quarterly earnings data on Monday. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01), Zacks reports. Luckin Coffee had a return on equity of 36.80% and a net margin of 9.59%.

Luckin Coffee Price Performance

OTCMKTS:LKNCY opened at $37.80 on Monday. The firm has a 50-day moving average of $39.20 and a two-hundred day moving average of $37.02. The stock has a market cap of $10.72 billion, a P/E ratio of 21.48 and a beta of -0.29. Luckin Coffee has a 1-year low of $21.03 and a 1-year high of $43.64.

Analyst Ratings Changes

A number of analysts recently weighed in on LKNCY shares. Dbs Bank raised shares of Luckin Coffee to a “moderate buy” rating in a research report on Thursday, August 14th. Macquarie set a $52.00 price objective on Luckin Coffee in a research note on Friday, September 5th. Finally, Wall Street Zen lowered Luckin Coffee from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Luckin Coffee presently has a consensus rating of “Buy” and an average target price of $52.00.

About Luckin Coffee

Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.