Melrose Industries (LON:MRO) Announces Earnings Results

Key Points

• Melrose Industries reported a quarterly earnings per share (EPS) of GBX 15.20 ($0.20), with a negative net margin of 1.13% and a negative return on equity of 1.18%.
• The company’s stock price increased by GBX 25.60 ($0.34), reaching GBX 537.80 ($7.10) on the day of the earnings announcement.
• JPMorgan Chase & Co. has given Melrose Industries an "overweight" rating with a price target of GBX 600 ($7.93), indicating analyst confidence in future growth.

Melrose Industries (LON:MRO - Get Free Report) posted its quarterly earnings data on Friday. The company reported GBX 15.20 ($0.20) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%.

Melrose Industries Stock Up 4.9%

Shares of Melrose Industries stock traded up GBX 26.83 ($0.36) during trading on Tuesday, hitting GBX 575.03 ($7.64). 5,661,558 shares of the stock traded hands, compared to its average volume of 11,074,095. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The stock has a market cap of £7.43 billion, a P/E ratio of -194.48, a PEG ratio of 0.48 and a beta of 1.51. The company has a fifty day moving average price of GBX 507.45 and a two-hundred day moving average price of GBX 513.74. Melrose Industries has a twelve month low of GBX 376 ($5.00) and a twelve month high of GBX 682.60 ($9.07).

Analyst Ratings Changes

A number of research firms recently commented on MRO. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 600 ($7.97) target price on shares of Melrose Industries in a report on Wednesday, July 2nd. Peel Hunt restated a "buy" rating and set a GBX 750 ($9.97) price target on shares of Melrose Industries in a report on Friday. Finally, Royal Bank Of Canada restated an "outperform" rating and set a GBX 650 ($8.64) price target on shares of Melrose Industries in a report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 612 ($8.13).

Insider Buying and Selling at Melrose Industries

In other Melrose Industries news, insider Alison Goligher acquired 20,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of GBX 462 ($6.14) per share, with a total value of £92,400 ($122,807.02). 1.00% of the stock is owned by corporate insiders.

About Melrose Industries

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.