Shares of Melrose Industries PLC (LON:MRO - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as GBX 376 ($4.96) and last traded at GBX 385.90 ($5.09), with a volume of 5068664 shares trading hands. The stock had previously closed at GBX 406.50 ($5.36).
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 850 ($11.21) price objective on shares of Melrose Industries in a report on Thursday, January 23rd.
Get Our Latest Stock Analysis on Melrose Industries
Melrose Industries Stock Up 1.4 %
The firm has a 50-day moving average of GBX 539.81 and a two-hundred day moving average of GBX 529.72. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The company has a market capitalization of £5.60 billion, a PE ratio of -146.54, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.
Melrose Industries (LON:MRO - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) EPS for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. Equities research analysts predict that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.
Melrose Industries Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, March 27th will be given a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, March 27th. This is an increase from Melrose Industries's previous dividend of $2.00. This represents a dividend yield of 0.75%. Melrose Industries's dividend payout ratio is currently -202.92%.
Insider Transactions at Melrose Industries
In other news, insider Peter Dilnot acquired 12,425 shares of Melrose Industries stock in a transaction on Tuesday, April 8th. The stock was bought at an average price of GBX 400 ($5.27) per share, for a total transaction of £49,700 ($65,532.70). Also, insider Matthew Gregory bought 36,869 shares of the stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of GBX 528 ($6.96) per share, for a total transaction of £194,668.32 ($256,682.91). In the last 90 days, insiders have acquired 67,294 shares of company stock valued at $31,834,832. Corporate insiders own 1.00% of the company's stock.
About Melrose Industries
(
Get Free Report)
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.
Further Reading
Before you consider Melrose Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Melrose Industries wasn't on the list.
While Melrose Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
