Leonardo (FINMY) Projected to Post Earnings on Thursday

Leonardo (OTCMKTS:FINMY) will likely be issuing its resultson Thursday, July 30th. Analysts expect Leonardo to post earnings of $0.4559 per share and revenue of $6.7722 billion for the quarter.

Leonardo Stock Up 2.0%

FINMY stock opened at $30.24 on Tuesday. Leonardo has a one year low of $25.59 and a one year high of $37.51. The company has a fifty day moving average price of $29.49 and a two-hundred day moving average price of $32.03. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FINMY shares. Citigroup upgraded shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Zacks Research raised shares of Leonardo to a “hold” rating in a report on Friday, May 15th. DZ Bank raised shares of Leonardo to a “strong-buy” rating in a report on Tuesday, July 21st. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Finally, Barclays restated an “overweight” rating on shares of Leonardo in a report on Friday, July 3rd. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Leonardo Company Profile

Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.

The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.