BAE Systems (LON:BA) Releases Quarterly Earnings Results

BAE Systems (LON:BA) posted its quarterly earnings results on Wednesday. The company reported GBX 68.50 ($0.87) earnings per share (EPS) for the quarter, Digital Look Earnings reports. BAE Systems had a return on equity of 16.87% and a net margin of 7.49%.

BAE Systems Stock Performance

Shares of BA stock traded down GBX 61 ($0.77) during trading hours on Friday, reaching GBX 1,284 ($16.27). 12,037,602 shares of the company traded hands. BAE Systems has a 12-month low of GBX 1,012.50 ($12.83) and a 12-month high of GBX 1,415.25 ($17.93). The company has a debt-to-equity ratio of 94.02, a current ratio of 1.03 and a quick ratio of 0.91. The company has a market cap of £39.75 billion, a P/E ratio of 22.03, a P/E/G ratio of 3.33 and a beta of 0.33. The firm has a 50-day moving average price of GBX 1,202.63 and a 200 day moving average price of GBX 1,264.73.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,510 ($19.13) price objective on shares of BAE Systems in a report on Thursday. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,440 ($18.25) price objective on shares of BAE Systems in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,468 ($18.60).

About BAE Systems

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.