DHL Group (OTCMKTS:DHLGY) Shares Gap Up After Earnings Beat

DHL Group Sponsored ADR (OTCMKTS:DHLGY) shares gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $45.87, but opened at $49.50. DHL Group shares last traded at $49.5280, with a volume of 5,313 shares.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on DHLGY shares. Deutsche Bank Aktiengesellschaft downgraded shares of DHL Group from a “buy” rating to a “hold” rating in a research note on Friday, September 19th. Kepler Capital Markets cut shares of DHL Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Citigroup reissued a “buy” rating on shares of DHL Group in a report on Wednesday, October 1st. Finally, Zacks Research downgraded DHL Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, DHL Group currently has a consensus rating of “Hold”.

DHL Group Stock Down 0.8%

The business’s fifty day moving average price is $45.38 and its 200 day moving average price is $45.38. The firm has a market capitalization of $59.40 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.96 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 0.95.

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.