Bae Systems (BAESY) Expected to Announce Quarterly Earnings on Thursday

Bae Systems (OTCMKTS:BAESY) will likely be issuing its resultson Thursday, July 30th. Analysts expect the company to post earnings of $1.96 per share and revenue of $20.8759 billion for the quarter.

Bae Systems Price Performance

BAESY stock opened at $106.51 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Bae Systems has a fifty-two week low of $84.50 and a fifty-two week high of $126.00. The business has a 50-day moving average of $101.99 and a 200-day moving average of $109.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a research note on Thursday, June 25th. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Institutional Trading of Bae Systems

An institutional investor recently bought a new position in Bae Systems stock. Atlas Capital Advisors Inc. bought a new position in shares of Bae Systems PLC (OTCMKTS:BAESY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,051 shares of the aerospace company’s stock, valued at approximately $98,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.