Melrose Industries (LON:MRO) Issues Earnings Results

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

Melrose Industries Stock Performance

LON:MRO opened at GBX 582.17 ($7.50) on Thursday. The company has a market capitalization of £7.52 billion, a price-to-earnings ratio of -196.89, a PEG ratio of 0.48 and a beta of 1.51. The business has a 50 day moving average of GBX 593.91 and a 200 day moving average of GBX 529.46. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. Melrose Industries has a 1-year low of GBX 413.58 ($5.33) and a 1-year high of GBX 682.60 ($8.80).

Insider Buying and Selling at Melrose Industries

In other Melrose Industries news, insider David Lis sold 7,950 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.30), for a total transaction of £44,997 ($58,000.77). Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 850 ($10.96) target price on shares of Melrose Industries in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Melrose Industries currently has an average rating of “Moderate Buy” and an average target price of GBX 640 ($8.25).

Melrose Industries Company Profile

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.