Gooch & Housego (LON:GHH) Releases Earnings Results

Gooch & Housego (LON:GHH) posted its quarterly earnings results on Tuesday. The company reported GBX 16.40 EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 8,188 million for the quarter. Gooch & Housego had a return on equity of 3.10% and a net margin of 2.35%.

Gooch & Housego Price Performance

LON:GHH opened at GBX 929 on Wednesday. Gooch & Housego has a 52 week low of GBX 463.10 and a 52 week high of GBX 1,115. The stock’s fifty day moving average is GBX 884.02 and its two-hundred day moving average is GBX 734.74. The company has a market capitalization of £254.28 million, a P/E ratio of 69.85 and a beta of 0.86. The company has a quick ratio of 1.66, a current ratio of 2.74 and a debt-to-equity ratio of 43.47.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Gooch & Housego from GBX 880 to GBX 1,150 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,150.

About Gooch & Housego

Gooch & Housego PLC engages in the manufacture and sale of acousto-optics, electro-optics, fiber optics, and precision optics and systems in the United Kingdom, North America, Europe, the Asia Pacific, and internationally. It offers acousto-optic products, such as acoustic-optic modulators, deflectors, frequency shifters, mode lockers, pulse pickers, Q-switches, tunable filters, and RF drivers; crystal optics, including crystals and nonlinear optics, lithium niobate wafers, and periodically-poled lithium niobite; and electro-optics, such as pockels cells, lithium niobate Q-switches, and pockels cell drivers.