Volex (LON:VLX) Announces Earnings Results

Volex (LON:VLX) posted its earnings results on Friday. The company reported GBX 35.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Volex had a net margin of 4.96% and a return on equity of 14.90%. The business had revenue of GBX 124.26 billion for the quarter.

Volex Stock Down 4.7%

VLX stock opened at GBX 527 on Friday. The company’s 50 day moving average is GBX 621.37 and its 200 day moving average is GBX 509.38. The stock has a market cap of £967.87 million, a price-to-earnings ratio of 17.34 and a beta of 1.18. The company has a current ratio of 1.66, a quick ratio of 1.04 and a debt-to-equity ratio of 51.32. Volex has a 1-year low of GBX 309.03 and a 1-year high of GBX 710.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 700 price target on shares of Volex in a research report on Thursday. Canaccord Genuity Group increased their price objective on Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Volex has a consensus rating of “Moderate Buy” and a consensus target price of GBX 512.50.

About Volex

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.