Cohort (LON:CHRT) Announces Quarterly Earnings Results

Cohort (LON:CHRT) issued its quarterly earnings data on Wednesday. The company reported GBX 61.93 EPS for the quarter, Digital Look Earnings reports. Cohort had a net margin of 6.51% and a return on equity of 11.27%.

Cohort Stock Performance

Shares of CHRT stock traded down GBX 4.43 during midday trading on Wednesday, hitting GBX 1,289.57. The company had a trading volume of 126,875 shares, compared to its average volume of 501,446. Cohort has a 52-week low of GBX 881.10 and a 52-week high of GBX 1,796. The stock has a market cap of £591.01 million, a price-to-earnings ratio of 32.20 and a beta of 0.34. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.36 and a quick ratio of 0.93. The company’s 50 day simple moving average is GBX 1,250.68 and its 200 day simple moving average is GBX 1,218.27.

Analysts Set New Price Targets

CHRT has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,300 price objective on shares of Cohort in a report on Wednesday, July 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,740 price objective on shares of Cohort in a report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Cohort currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,556.67.

About Cohort

Cohort plc is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

The Group is split into two segments:

Communications and Intelligence
– EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. www.eid.pt

– EM Solutions designs, assembles, tests, and supports satellite communications on-the-move terminals for defence and government customers.