Earnings Alerts

MTU Aero Engines AG (MTX) Earnings: 3Q Adjusted EBIT Surpasses Expectations

By October 24, 2024 No Comments
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  • MTU Aero reported an adjusted EBIT of €273 million, surpassing the estimated €243.8 million.
  • The OEM business achieved an adjusted EBIT of €156 million, beating the estimate of €147.7 million.
  • Commercial Maintenance reported an adjusted EBIT of €118 million, above the €104.3 million forecast.
  • Adjusted EBIT margin stood at 14.7%, exceeding the estimate of 13.8%.
  • The OEM business achieved an adjusted EBIT margin of 25.2%, which was higher than the anticipated 24%.
  • Commercial Maintenance recorded an adjusted EBIT margin of 9.2%, compared to the estimated 8.36%.
  • Adjusted net income came in at €199 million, outperforming the estimated €184.1 million.
  • Revenue reached €1.90 billion, slightly above the expected €1.81 billion.
  • Revenue from the OEM business was €618 million, surpassing the €615.4 million estimate.
  • Commercial engine revenue was €465 million, just above the estimated €461.1 million.
  • Military engine revenue achieved €153 million, aligned with the €152.9 million forecast.
  • Commercial Maintenance revenue was €1.27 billion, exceeding the €1.25 billion prediction.
  • Free cash flow stood at €108 million.
  • Earnings per share (EPS) were €3.90, higher than the estimated €3.46.
  • Analyst ratings include 11 buys, 10 holds, and 5 sells.

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Mtu Aero Engines Ag on Smartkarma

Analysts on Smartkarma, such as Value Investors Club, have been actively covering Mtu Aero Engines Ag (MTUAY). In their report published on Tuesday, Jun 4, 2024, Value Investors Club highlighted the German aerospace company’s strong positioning for growth and value. They emphasized MTU Aero Engines’ robust business fundamentals and earnings growth, noting a significant 40% discount compared to peers, making it an appealing investment prospect.

Operating in aerospace engine manufacturing and aftermarket services, MTU Aero Engines Ag has strategic partnerships in key aircraft engine programs and enjoys high profitability from its aftermarket services. The insights provided by Value Investors Club suggest a positive sentiment towards the company’s outlook, indicating potential opportunities for investors seeking exposure in the aerospace industry. This information, sourced from publicly available data, serves as valuable guidance for understanding MTU Aero Engines Ag’s investment appeal.


A look at Mtu Aero Engines Ag Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth2
Resilience3
Momentum5
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts using the Smartkarma Smart Scores to evaluate the long-term outlook for MTU Aero Engines Ag have identified key factors influencing the company’s performance. With a momentum score of 5, MTU Aero Engines Ag is showing strong positive momentum in the market. This indicates a high level of investor interest and confidence in the company’s future prospects. Additionally, the company’s resilience score of 3 suggests that MTU Aero Engines Ag has demonstrated a capacity to withstand economic challenges and maintain stable performance over time.

While the value, dividend, and growth scores for MTU Aero Engines Ag are moderate at 2, the overall outlook remains positive due to the company’s solid momentum and resilience. MTU Aero Engines Ag’s focus on developing and manufacturing engines, along with providing commercial engine services globally, positions it well to capitalize on opportunities in the aviation industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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