MTU Aero Engines shares upgraded; Aircastle expected to report profit of USD0.25/share
MTU Aero Engines Holding shares climbed 3.9% to close at EUR45.38 on Monday, representing the stock’s first gain in five days, after the engine maker’s stock was raised from “hold” to “buy” at Berenberg Bank.
Overall, stocks in Germany rallied yesterday, sending the benchmark DAX Index to its highest level in almost two years, as German exports rose more than forecast, boosting optimism about the current state and outlook for Europe’s largest economy.
On the other end of the spectrum, EAD shares shed 0.9% yesterday, to be the only listed equipment manufacturer to witness share price declines yesterday.
Selected Original Equipment Manufacturers daily share price movements (% change): 09-Aug-2010
Aircastle to release financial results; consensus of USD0.25 profit per share
Meanwhile, shares of Aircastle traded lower yesterday (down 0.5%) ahead of its quarterly earnings release today (10-Aug-2010). Wall Street Analysts consensus calls for a profit of USD0.25/share on USD129.11 million revenue, while Aircastle estimates have a range of USD0.06/share. The high estimate calls for profit of USD0.29/share, with a low estimate calling for profit of USD0.23/share. The figure stood at USD0.35/share in the previous corresponding period.
Selected Aviation Suppliers & Leasing daily share price movements (% change): 09-Aug-2010