Melrose Industries (LON:MRO) Posts Quarterly Earnings Results

Melrose Industries (LON:MRO) posted its quarterly earnings results on Thursday. The company reported GBX 26.80 ($0.35) EPS for the quarter, Digital Look Earnings reports. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%.

Melrose Industries Stock Down 14.4 %

MRO stock opened at GBX 582.17 ($7.50) on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The business has a 50 day moving average of GBX 593.91 and a 200 day moving average of GBX 529.46. Melrose Industries has a twelve month low of GBX 413.58 ($5.33) and a twelve month high of GBX 682.60 ($8.80). The firm has a market cap of £7.52 billion, a PE ratio of -196.89, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

Insider Transactions at Melrose Industries

In other news, insider David Lis sold 7,950 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.30), for a total transaction of £44,997 ($58,000.77). Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 850 ($10.96) price target on shares of Melrose Industries in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 640 ($8.25).

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.