QinetiQ Group (LON:QQ) Posts Earnings Results

QinetiQ Group (LON:QQ) posted its quarterly earnings results on Thursday. The company reported GBX 16.80 EPS for the quarter, Digital Look Earnings reports. The firm had revenue of £923.20 million during the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%.

QinetiQ Group Price Performance

Shares of QQ stock traded down GBX 12 on Thursday, reaching GBX 523. The company’s stock had a trading volume of 773,625 shares, compared to its average volume of 88,555. The company has a market capitalization of £2.89 billion, a P/E ratio of 21.66, a PEG ratio of 1.47 and a beta of 0.33. QinetiQ Group has a 12-month low of GBX 292.20 and a 12-month high of GBX 491. The stock’s 50 day simple moving average is GBX 492.57 and its 200-day simple moving average is GBX 484.96. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20.

Wall Street Analyst Weigh In

QQ has been the topic of a number of analyst reports. Berenberg Bank boosted their price objective on QinetiQ Group from GBX 580 to GBX 610 and gave the company a “buy” rating in a research note on Monday, August 3rd. Deutsche Bank restated a “buy” rating and issued a GBX 600 target price on shares of QinetiQ Group in a research note on Monday. Finally, Royal Bank Of Canada lifted their target price on QinetiQ Group from GBX 490 to GBX 570 and gave the company a “sector perform” rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,663.40.

Insider Activity

In other news, insider Steve Wadey sold 103,945 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of GBX 487, for a total transaction of £506,212.15. In the last ninety days, insiders bought 238 shares of company stock worth $123,619. Company insiders own 12.14% of the company’s stock.

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.