QinetiQ Group (LON:QQ) Posts Earnings Results

QinetiQ Group (LON:QQ) announced its quarterly earnings data on Thursday. The company reported GBX 31.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a negative return on equity of 35.50% and a negative net margin of 11.16%.

QinetiQ Group Stock Performance

QQ stock opened at GBX 465.60 on Friday. The stock’s 50 day simple moving average is GBX 463.10 and its 200 day simple moving average is GBX 467.04. QinetiQ Group has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491. The company has a market cap of £2.57 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.47 and a beta of 0.31.

QinetiQ Group declared that its board has authorized a share repurchase program on Wednesday, March 25th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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.