QinetiQ Group (LON:QQ) Announces Quarterly Earnings Results

QinetiQ Group (LON:QQ) announced its quarterly earnings results on Thursday. The company reported GBX 16.80 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of £923.20 million for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%.

QinetiQ Group Trading Down 2.2%

Shares of QQ traded down GBX 12 during midday trading on Thursday, hitting GBX 523. The stock had a trading volume of 773,625 shares, compared to its average volume of 88,555. QinetiQ Group has a 1 year low of GBX 292.20 and a 1 year high of GBX 491. The firm has a market cap of £2.89 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15. The stock’s 50 day moving average is GBX 492.57 and its 200 day moving average is GBX 484.96.

Insider Activity

In related news, insider Steve Wadey sold 103,945 shares of QinetiQ Group stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of GBX 487, for a total transaction of £506,212.15. In the last three months, insiders have bought 238 shares of company stock valued at $123,619. 12.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QQ has been the topic of a number of research reports. Deutsche Bank restated a “buy” rating and issued a GBX 600 target price on shares of QinetiQ Group in a report on Monday. Royal Bank Of Canada boosted their price objective on QinetiQ Group from GBX 490 to GBX 570 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Finally, Berenberg Bank upped their price objective on QinetiQ Group from GBX 580 to GBX 610 and gave the company a “buy” rating in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,663.40.

QinetiQ Group Company Profile

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.