Luckin Coffee (OTCMKTS:LKNCY) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Luckin Coffee (OTCMKTS:LKNCYGet Free Report) released its quarterly earnings results on Monday. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04, Zacks reports. Luckin Coffee had a net margin of 6.74% and a return on equity of 25.48%.

Luckin Coffee Price Performance

OTCMKTS:LKNCY opened at $35.00 on Monday. Luckin Coffee has a twelve month low of $27.22 and a twelve month high of $43.64. The company has a fifty day moving average of $31.52 and a 200-day moving average of $33.15. The firm has a market capitalization of $10.04 billion, a P/E ratio of 21.88 and a beta of -0.33.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Zacks Research raised shares of Luckin Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. The Goldman Sachs Group set a $49.00 price objective on Luckin Coffee and gave the stock a “buy” rating in a research note on Sunday, June 21st. Finally, Jefferies Financial Group began coverage on shares of Luckin Coffee in a report on Tuesday, June 9th. They set a “buy” rating and a $43.60 price target for the company. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Luckin Coffee has an average rating of “Buy” and an average target price of $48.20.

Read Our Latest Analysis on LKNCY

Luckin Coffee Company Profile

(Get Free Report)

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.

See Also

Earnings History for Luckin Coffee (OTCMKTS:LKNCY)

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