QinetiQ Group (LON:QQ) Releases Quarterly Earnings Results

QinetiQ Group (LON:QQ) announced its quarterly earnings data on Thursday. The company reported GBX 16.80 EPS for the quarter, Digital Look Earnings reports. The firm had revenue of £923.20 million for the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%.

QinetiQ Group Trading Down 2.2%

QinetiQ Group stock traded down GBX 12 during mid-day trading on Thursday, hitting GBX 523. The company’s stock had a trading volume of 773,625 shares, compared to its average volume of 88,555. The business has a 50 day moving average price of GBX 492.57 and a 200-day moving average price of GBX 484.96. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15. QinetiQ Group has a 12 month low of GBX 292.20 and a 12 month high of GBX 491. The stock has a market cap of £2.89 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Deutsche Bank restated a “buy” rating and issued a GBX 600 target price on shares of QinetiQ Group in a research report on Monday. Berenberg Bank increased their price target on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada lifted their price target on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, QinetiQ Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,663.40.

Insider Activity

In other news, insider Steve Wadey sold 103,945 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of GBX 487, for a total transaction of £506,212.15. Insiders bought 238 shares of company stock worth $123,619 over the last quarter. 12.14% of the stock is currently owned by company insiders.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.