Melrose Industries (LON:MRO) Issues Quarterly Earnings Results

Melrose Industries (LON:MRO) released its quarterly earnings results on Thursday. The company reported GBX 26.80 ($0.35) 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 Performance

MRO stock traded down GBX 105.60 ($1.36) during trading on Thursday, reaching GBX 574.40 ($7.40). The company had a trading volume of 49,545,043 shares, compared to its average volume of 10,137,733. The company has a market cap of £7.42 billion, a price-to-earnings ratio of -194.26, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. Melrose Industries has a twelve month low of GBX 413.58 ($5.33) and a twelve month high of GBX 682.60 ($8.80). 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 firm has a 50-day simple moving average of GBX 593.91 and a 200-day simple moving average of GBX 529.46.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 850 ($10.96) price objective on shares of Melrose Industries in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 640 ($8.25).

Insiders Place Their Bets

In other news, insider David Lis sold 7,950 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.30), for a total value of £44,997 ($58,000.77). Corporate insiders own 1.00% of the company’s stock.

Melrose Industries Company Profile

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.