BAE Systems (LON:BA) Announces Quarterly Earnings Results

BAE Systems (LON:BA) issued its earnings results on Wednesday. The company reported GBX 68.50 ($0.86) earnings per share 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 Stock Performance

LON:BA traded down GBX 1.50 ($0.02) during mid-day trading on Wednesday, reaching GBX 1,336.50 ($16.82). 8,318,980 shares of the company’s stock were exchanged. The firm has a market capitalization of £41.38 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. The company has a debt-to-equity ratio of 94.02, a quick ratio of 0.91 and a current ratio of 1.03. BAE Systems has a one year low of GBX 1,012.50 ($12.74) and a one year high of GBX 1,415.25 ($17.81). The business’s fifty day simple moving average is GBX 1,196.54 and its two-hundred day simple moving average is GBX 1,263.65.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,440 ($18.12) target price on shares of BAE Systems in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,454 ($18.30).

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.