Rolls-Royce Holdings plc (LON:RR) Issues Quarterly Earnings Results

Rolls-Royce Holdings plc (LON:RR) posted its earnings results on Thursday. The company reported GBX 20.29 ($0.26) earnings per share for the quarter, Digital Look Earnings reports. Rolls-Royce Holdings plc had a negative return on equity of 78.08% and a net margin of 13.08%.

Rolls-Royce Holdings plc Price Performance

Shares of RR traded up GBX 100.60 ($1.27) on Friday, reaching GBX 731.60 ($9.22). 141,269,937 shares of the stock traded hands. The firm has a market cap of £62.75 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 0.55 and a beta of 1.82. Rolls-Royce Holdings plc has a 12 month low of GBX 196.45 ($2.48) and a 12 month high of GBX 537.20 ($6.77). The stock’s 50-day moving average price is GBX 594.85 and its 200-day moving average price is GBX 554.08.

Insider Activity

In other news, insider Tufan Erginbilgic sold 12,969 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of GBX 588 ($7.41), for a total transaction of £76,257.72 ($96,115.10). Also, insider Wendy Mars purchased 303 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of GBX 603 ($7.60) per share, for a total transaction of £1,827.09 ($2,302.86). Over the last ninety days, insiders have bought 7,069 shares of company stock worth $5,158,221. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on RR shares. Shore Capital reaffirmed a “buy” rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 655 ($8.26) price target on shares of Rolls-Royce Holdings plc in a research report on Thursday, November 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Rolls-Royce Holdings plc presently has an average rating of “Buy” and a consensus price target of GBX 631.25 ($7.96).

About Rolls-Royce Holdings plc

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.