QinetiQ Group (LON:QQ) Releases Quarterly Earnings Results

QinetiQ Group (LON:QQ) released its quarterly earnings data on Thursday. The company reported GBX 31.50 EPS for the quarter, Digital Look Earnings reports. QinetiQ Group had a negative return on equity of 35.50% and a negative net margin of 11.16%.The company had revenue of GBX 192.26 billion for the quarter.

QinetiQ Group Stock Up 2.9%

Shares of LON QQ opened at GBX 431.60 on Thursday. The firm’s 50-day moving average price is GBX 464.79 and its 200-day moving average price is GBX 467.37. QinetiQ Group has a 52-week low of GBX 292.20 and a 52-week high of GBX 491. The company has a market cap of £2.38 billion, a PE ratio of 17.87, a PEG ratio of 1.47 and a beta of 0.31.

QinetiQ Group declared that its board has initiated a stock buyback plan on Wednesday, March 25th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.