MTU Aero Engines (OTCMKTS:MTUAY) Announces Earnings Results

MTU Aero Engines (OTCMKTS:MTUAY) released its quarterly earnings data on Thursday. The company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.01), Zacks reports. MTU Aero Engines had a return on equity of 24.07% and a net margin of 11.28%.

MTU Aero Engines Stock Up 0.6%

OTCMKTS MTUAY traded up $1.25 during trading hours on Thursday, reaching $207.49. 9,968 shares of the company’s stock traded hands, compared to its average volume of 27,039. MTU Aero Engines has a 52-week low of $157.93 and a 52-week high of $238.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06. The firm has a 50-day simple moving average of $192.10 and a 200 day simple moving average of $197.48. The firm has a market cap of $22.35 billion, a PE ratio of 19.41 and a beta of 1.01.

Analyst Upgrades and Downgrades

MTUAY has been the subject of a number of recent analyst reports. Kepler Capital Markets upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Berenberg Bank cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. UBS Group cut shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. BNP Paribas Exane initiated coverage on MTU Aero Engines in a research report on Monday, April 13th. They set an “outperform” rating on the stock. Finally, Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About MTU Aero Engines

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.