BAE Systems (LON:BA) Issues Earnings Results

Key Points

• BAE Systems reported an EPS of GBX 34.70 ($0.46) for the quarter, with a net margin of 7.49% and a return on equity of 16.87%.
• The company's shares traded at GBX 1,821 ($24.32) after rising by GBX 16 ($0.21) during mid-day trading.
• Analysts offered varying outlooks on BAE Systems, with Berenberg Bank maintaining a "hold" rating and Deutsche Bank issuing a "buy" rating with a target price of GBX 2,170 ($28.98).

BAE Systems (LON:BA - Get Free Report) issued its earnings results on Wednesday. The company reported GBX 34.70 ($0.46) EPS for the quarter, Digital Look Earnings reports. BAE Systems had a net margin of 7.49% and a return on equity of 16.87%.

BAE Systems Price Performance

Shares of LON BA traded up GBX 16 ($0.21) during mid-day trading on Wednesday, hitting GBX 1,821 ($24.32). 6,427,779 shares of the company's stock traded hands. The company has a market capitalization of £56.38 billion, a P/E ratio of 31.24, a PEG ratio of 3.33 and a beta of 0.33. BAE Systems has a 1 year low of GBX 1,012.50 ($13.52) and a 1 year high of GBX 1,415.25 ($18.90). The company's 50-day moving average is GBX 1,884.11 and its two-hundred day moving average is GBX 1,631.09. The company has a debt-to-equity ratio of 94.02, a current ratio of 1.03 and a quick ratio of 0.91.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BA shares. Berenberg Bank reissued a "hold" rating and issued a GBX 1,770 ($23.64) target price on shares of BAE Systems in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 2,170 ($28.98) price objective on shares of BAE Systems in a research report on Wednesday, July 16th.

About BAE Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.

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