Rolls-Royce Holdings PLC (RYCEY) Projected to Post Quarterly Earnings on Thursday

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) is expected to be posting its resultson Thursday, July 30th. Analysts expect Rolls-Royce Holdings PLC to post earnings of $0.2375 per share and revenue of $13.6378 billion for the quarter.

Rolls-Royce Holdings PLC Price Performance

Shares of RYCEY stock opened at $18.93 on Thursday. Rolls-Royce Holdings PLC has a 12-month low of $13.06 and a 12-month high of $20.19. The business’s fifty day simple moving average is $17.95 and its 200-day simple moving average is $17.28. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Several large investors have recently made changes to their positions in RYCEY. Kelleher Financial Advisors purchased a new stake in Rolls-Royce Holdings PLC during the third quarter worth $37,000. PNC Financial Services Group Inc. increased its holdings in Rolls-Royce Holdings PLC by 30.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock valued at $112,000 after buying an additional 1,658 shares in the last quarter. Financial Avengers Inc. increased its holdings in Rolls-Royce Holdings PLC by 32.8% in the third quarter. Financial Avengers Inc. now owns 66,400 shares of the aerospace company’s stock valued at $1,076,000 after buying an additional 16,400 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Rolls-Royce Holdings PLC by 1.5% in the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock worth $1,103,000 after acquiring an additional 1,205 shares during the period. 0.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RYCEY. Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. Finally, BNP Paribas Exane initiated coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, May 29th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls?Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.