MTU Aero Engines (OTCMKTS:MTUAY) Posts Earnings Results, Misses Estimates By $0.01 EPS

MTU Aero Engines (OTCMKTS:MTUAY) issued its earnings results 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. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.60 billion. MTU Aero Engines had a net margin of 10.43% and a return on equity of 23.33%.

MTU Aero Engines Stock Performance

Shares of MTUAY opened at $209.75 on Friday. MTU Aero Engines has a one year low of $157.93 and a one year high of $238.57. The company has a market cap of $22.60 billion, a PE ratio of 20.54 and a beta of 1.01. The firm has a 50-day moving average of $193.66 and a 200-day moving average of $197.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. UBS Group downgraded MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. Finally, BNP Paribas Exane assumed coverage on MTU Aero Engines in a research note on Monday, April 13th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

MTU Aero Engines Company Profile

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.