DHL Group (OTCMKTS:DHLGY) Reaches New 12-Month High on Strong Earnings

Shares of DHL Group Sponsored ADR (OTCMKTS:DHLGY) reached a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $50.0440 and last traded at $50.0440, with a volume of 11801 shares traded. The stock had previously closed at $44.92.

The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. The firm had revenue of $23.10 billion during the quarter, compared to analysts’ expectations of $20.19 billion. DHL Group had a return on equity of 14.92% and a net margin of 4.11%.

Analysts Set New Price Targets

DHLGY has been the topic of several analyst reports. Sanford C. Bernstein lowered shares of DHL Group from a “strong-buy” rating to a “hold” rating in a research report on Friday. Citigroup reaffirmed a “buy” rating on shares of DHL Group in a report on Wednesday, October 1st. Zacks Research lowered DHL Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft downgraded DHL Group from a “buy” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Kepler Capital Markets downgraded DHL Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, DHL Group currently has an average rating of “Hold”.

DHL Group Stock Up 0.6%

The stock has a 50-day moving average price of $45.47 and a 200-day moving average price of $45.45. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.90. The company has a market capitalization of $60.19 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.96 and a beta of 1.21.

DHL Group Company Profile

Deutsche Post AG operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The company operates through five segments: Express; Global Forwarding, Freight; Supply Chain; eCommerce Solutions; and Post & Parcel Germany. The Express segment offers time-definite courier and express services to business and private customers.