Chemring Group (LON:CHG) Issues Earnings Results

Chemring Group (LON:CHG - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported GBX 7 ($0.10) EPS for the quarter, Digital Look Earnings reports. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%.

Chemring Group Stock Performance

LON CHG traded up GBX 20 ($0.27) during midday trading on Thursday, hitting GBX 574 ($7.79). The company had a trading volume of 2,473,151 shares, compared to its average volume of 3,806,722. The firm has a fifty day simple moving average of GBX 410.66 and a two-hundred day simple moving average of GBX 371.44. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42. Chemring Group has a fifty-two week low of GBX 297.50 ($4.04) and a fifty-two week high of GBX 579 ($7.86). The stock has a market cap of £1.54 billion, a price-to-earnings ratio of 702.79, a P/E/G ratio of 1.99 and a beta of 0.68.

Chemring Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 20th were paid a GBX 5.20 ($0.07) dividend. This is an increase from Chemring Group's previous dividend of $2.60. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 1.44%. Chemring Group's dividend payout ratio (DPR) is presently 857.06%.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of Chemring Group in a research report on Tuesday, February 25th.

Chemring Group Company Profile

We are a specialist manufacturing and technology business creating market-leading innovative solutions to meet our customers' complex needs. Using our extensive science and engineering expertise, we turn ideas into reality, designing and developing critical solutions that protect and safeguard in unpredictable environments in today's increasingly unstable world. We achieve this by innovating at every stage of the value chain, from research and development (“R&D”) through to design, manufacture and in-service support, working closely with our customers to deliver products, services and solutions for mission-critical success. Our customer base spans national defence organisations, security and law enforcement agencies, as well as commercial markets such as space and transport.