Volex (LON:VLX) Issues Quarterly Earnings Results

Volex (LON:VLX) announced its earnings results on Friday. The company reported GBX 35.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 124.26 billion during the quarter. Volex had a net margin of 4.96% and a return on equity of 14.90%.

Volex Trading Down 4.7%

VLX stock opened at GBX 527 on Friday. The company has a market capitalization of £967.87 million, a PE ratio of 17.34 and a beta of 1.18. The company has a debt-to-equity ratio of 51.32, a quick ratio of 1.04 and a current ratio of 1.66. Volex has a one year low of GBX 309.03 and a one year high of GBX 710. The company’s 50 day moving average price is GBX 621.37 and its two-hundred day moving average price is GBX 509.38.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VLX shares. Canaccord Genuity Group lifted their price target on Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price objective on shares of Volex in a research report on Thursday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 512.50.

Volex Company Profile

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.