Deutsche Lufthansa (OTCMKTS:DLAKY) Announces Quarterly Earnings Results

Deutsche Lufthansa (OTCMKTS:DLAKY) released its earnings results on Wednesday. The transportation company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.35), Zacks reports. Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.15%.

Deutsche Lufthansa Stock Performance

Shares of DLAKY stock traded up $0.50 during trading hours on Wednesday, reaching $9.57. 93,883 shares of the company’s stock were exchanged, compared to its average volume of 229,073. Deutsche Lufthansa has a fifty-two week low of $6.84 and a fifty-two week high of $11.29. The stock has a market capitalization of $11.48 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.57 and a beta of 0.92. The business has a fifty day moving average price of $9.16 and a 200-day moving average price of $9.50. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.03.

Analysts Set New Price Targets

DLAKY has been the topic of several research analyst reports. Barclays raised Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group cut Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Finally, Zacks Research lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Deutsche Lufthansa presently has a consensus 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.