Rolls-Royce Holdings PLC (RYCEY) to Announce Earnings on Thursday

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) is anticipated to issue its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.2375 per share and revenue of $13.6378 billion for the quarter.

Rolls-Royce Holdings PLC Trading Down 0.2%

Shares of RYCEY stock opened at $18.78 on Tuesday. The stock’s 50-day moving average price is $18.13 and its 200 day moving average price is $17.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20. Rolls-Royce Holdings PLC has a 52-week low of $13.06 and a 52-week high of $20.19.

Analyst Ratings Changes

A number of research firms have recently issued reports on RYCEY. Berenberg Bank raised Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. BNP Paribas Exane began coverage on shares of Rolls-Royce Holdings PLC in a research report on Friday, May 29th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Company raised shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Rolls-Royce Holdings PLC has a consensus rating of “Buy”.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in shares of Rolls-Royce Holdings PLC by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 1,658 shares during the period. Financial Avengers Inc. grew its position in Rolls-Royce Holdings PLC by 32.8% during the third quarter. Financial Avengers Inc. now owns 66,400 shares of the aerospace company’s stock worth $1,076,000 after buying an additional 16,400 shares during the period. Kelleher Financial Advisors acquired a new position in Rolls-Royce Holdings PLC during the third quarter worth about $37,000. Finally, Rhumbline Advisers increased its holdings in Rolls-Royce Holdings PLC by 1.5% in the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock valued at $1,103,000 after buying an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.