Melrose Industries (LON:MRO) Posts Earnings Results

Melrose Industries (LON:MRO) posted its quarterly earnings data on Thursday. The company reported GBX 26.80 ($0.35) EPS for the quarter, Digital Look Earnings reports. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%.

Melrose Industries Stock Performance

Shares of LON:MRO opened at GBX 491.24 ($6.35) on Friday. The business has a fifty day moving average of GBX 597.55 and a 200-day moving average of GBX 531.47. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The firm has a market cap of £6.35 billion, a PE ratio of -166.14, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. Melrose Industries has a twelve month low of GBX 413.58 ($5.35) and a twelve month high of GBX 682.60 ($8.82).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 850 ($10.99) price target on shares of Melrose Industries in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 640 ($8.27).

Insider Buying and Selling

In other news, insider David Lis sold 7,950 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.32), for a total transaction of £44,997 ($58,158.20). Corporate insiders own 1.00% of the company’s stock.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.