Daimler Truck (OTCMKTS:DTRUY) Issues Earnings Results
by Jessica Moore · The Cerbat GemDaimler Truck (OTCMKTS:DTRUY – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.39), Zacks reports.
Daimler Truck Price Performance
Shares of DTRUY traded down $0.75 during mid-day trading on Friday, reaching $26.91. The company’s stock had a trading volume of 19,735 shares, compared to its average volume of 66,867. The business has a fifty day moving average of $24.88 and a 200 day moving average of $24.73. Daimler Truck has a 1 year low of $19.43 and a 1 year high of $28.73.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Kepler Capital Markets upgraded shares of Daimler Truck from a “reduce” rating to a “buy” rating in a research report on Tuesday, July 21st. Citigroup reissued a “buy” rating on shares of Daimler Truck in a research note on Wednesday, July 1st. Barclays raised Daimler Truck from a “hold” rating to an “overweight” rating in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on DTRUY
About Daimler Truck
Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.
In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.