DHL Group (OTCMKTS:DHLGY) Hits New 52-Week High on Strong Earnings

DHL Group Sponsored ADR (OTCMKTS:DHLGY)’s share price reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $50.0440 and last traded at $50.0440, with a volume of 11801 shares trading hands. The stock had previously closed at $44.92.

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

Analyst Upgrades and Downgrades

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

DHL Group Stock Up 0.6%

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

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.