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

Key Points

• Rolls-Royce Holdings plc reported an earnings per share (EPS) of GBX 15.74 ($0.21) for the quarter, alongside a negative return on equity of 78.08% and a net margin of 13.08%.
• The company's stock price increased by 8.5% after the earnings announcement, reaching GBX 1,072 ($14.23) in midday trading.
• Wall Street analysts have mostly rated the stock as a "Moderate Buy," with an average target price of GBX 727.50 ($9.66) and some firms setting price targets as high as GBX 1,040 ($13.80).

Rolls-Royce Holdings plc (LON:RR - Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 15.74 ($0.21) EPS 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 Stock Up 8.5%

RR stock traded up GBX 84 ($1.11) during midday trading on Friday, reaching GBX 1,072 ($14.23). 15 shares of the company's stock traded hands. The company has a 50-day simple moving average of GBX 931.85 and a two-hundred day simple moving average of GBX 785.45. Rolls-Royce Holdings plc has a 1-year low of GBX 196.45 ($2.61) and a 1-year high of GBX 537.20 ($7.13). The company has a market cap of £91.94 billion, a price-to-earnings ratio of 39.08, a PEG ratio of 0.55 and a beta of 1.82.

Insiders Place Their Bets

In other news, insider Tufan Erginbilgic sold 7,763 shares of Rolls-Royce Holdings plc stock in a transaction on Monday, July 28th. The stock was sold at an average price of GBX 985 ($13.07), for a total value of £76,465.55 ($101,493.96). Also, insider Birgit Behrendt bought 126 shares of the stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of GBX 875 ($11.61) per share, with a total value of £1,102.50 ($1,463.37). Over the last quarter, insiders bought 3,189 shares of company stock valued at $2,787,555 and sold 27,122 shares valued at $25,316,993. Corporate insiders own 0.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RR. Shore Capital restated a "hold" rating on shares of Rolls-Royce Holdings plc in a research report on Thursday. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,040 ($13.80) price target on shares of Rolls-Royce Holdings plc in a report on Monday, July 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 727.50 ($9.66).

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.