MTU Aero Engines (OTCMKTS:MTUAY) Announces Quarterly Earnings Results

MTU Aero Engines (OTCMKTS:MTUAY) announced its earnings results on Thursday. The company reported $2.63 EPS for the quarter, hitting the consensus estimate of $2.63, Zacks reports. MTU Aero Engines had a return on equity of 22.42% and a net margin of 10.43%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.78 billion.

MTU Aero Engines Stock Down 1.7%

Shares of OTCMKTS MTUAY traded down $3.25 during mid-day trading on Friday, reaching $183.66. 3,840 shares of the company’s stock were exchanged, compared to its average volume of 28,390. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 17.99 and a beta of 1.03. The business has a fifty day simple moving average of $199.72 and a 200 day simple moving average of $199.07. MTU Aero Engines has a twelve month low of $157.93 and a twelve month high of $238.57.

Analysts Set New Price Targets

A number of brokerages have commented on MTUAY. Barclays lowered shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a report on Friday, August 7th. Citigroup raised shares of MTU Aero Engines from a “sell” rating to a “buy” rating in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

MTU Aero Engines Company Profile

MTU Aero Engines AG is a Germany-based manufacturer of aircraft engines and engine components. The company develops, produces, and supports commercial and military propulsion systems, as well as industrial gas turbines. Its activities cover the full engine life cycle, including design, engineering, manufacturing, assembly, maintenance, repair, and overhaul.

MTU supplies major engine modules, components, and complete propulsion systems for a range of aircraft. The company participates in international programs such as the Pratt & Whitney GTF family for commercial aircraft, the EJ200 engine for the Eurofighter, and the TP400-D6 engine for the Airbus A400M military transport aircraft.