BAE Systems (LON:BA) Announces Earnings Results

BAE Systems (LON:BA) released its earnings results on Wednesday. The company reported GBX 68.50 ($0.86) EPS for the quarter, Digital Look Earnings reports. BAE Systems had a net margin of 7.49% and a return on equity of 16.87%.

BAE Systems Stock Performance

Shares of LON:BA traded down GBX 1.50 ($0.02) during trading on Wednesday, hitting GBX 1,336.50 ($16.82). 8,318,980 shares of the stock traded hands. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.02. The company has a market cap of £41.38 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 3.33 and a beta of 0.33. The company has a fifty day moving average price of GBX 1,199.69 and a two-hundred day moving average price of GBX 1,264.16. BAE Systems has a 52-week low of GBX 1,012.50 ($12.74) and a 52-week high of GBX 1,415.25 ($17.81).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,440 ($18.12) price target on shares of BAE Systems in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,454 ($18.30).

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.