Daimler AG (NASDAQ:DDAIF) Announces Earnings Results
Daimler AG (NASDAQ:DDAIF) announced its quarterly earnings data on Wednesday. The company reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.88 by $0.37, Morningstar.com reports. The business had revenue of $45.23 billion during the quarter, compared to analysts’ expectations of $47.42 billion. Daimler AG had a return on equity of 18.81% and a net margin of 7.22%.
Daimler AG (NASDAQ DDAIF) traded down 0.97% during trading on Thursday, hitting $70.19. 71,216 shares of the company were exchanged. The company has a market capitalization of $75.09 billion and a price-to-earnings ratio of 6.62. Daimler AG has a 12 month low of $65.64 and a 12 month high of $78.21. The stock’s 50-day moving average is $73.11 and its 200-day moving average is $73.88.
DDAIF has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Daimler AG from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Wednesday, April 19th. Sanford C. Bernstein reiterated a “buy” rating on shares of Daimler AG in a research report on Friday, April 21st. Finally, Jefferies Group LLC downgraded shares of Daimler AG from a “hold” rating to an “underperform” rating in a research report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $79.00.
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About Daimler AG
Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler’s segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.
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