1030 GMT - MTU Aero Engines' margin came in better than expected, and consensus estimates ought to increase, JPMorgan analyst David H Perry says in a research note. The German company posted a 25.2% Ebitda margin at its equipment manufacturing unit. This compares with consensus at 22.4%. JPMorgan estimates that the organic growth of spare parts was in the high teens in the third quarter. The analyst says that consensus estimates for per share earnings for the year now ought to increase by around 5%. Earnings per share estimates for the 2025-2028 period could rise further depending on the company's capital markets day next month, JPMorgan says. Shares trade 0.8% higher to 310.70 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
October 24, 2024 06:30 ET (10:30 GMT)
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