Laird (LON:LRD) posted its earnings results on Thursday. The company reported GBX 11.10 ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 10.10 ($0.14) by GBX 1 ($0.01), Bloomberg Earnings reports. The firm had revenue of £9,366 billion for the quarter. Laird had a net margin of 3.18% and a return on equity of 6.42%.
Shares of Laird (LRD) traded up GBX 86.10 ($1.19) during trading on Thursday, reaching GBX 202 ($2.79). 22,530,000 shares of the company’s stock traded hands, compared to its average volume of 1,110,000. Laird has a 52 week low of GBX 111.73 ($1.54) and a 52 week high of GBX 203.60 ($2.81). The stock has a market cap of $987.60 and a P/E ratio of -696.55.
LRD has been the topic of several research reports. Shore Capital reissued a “buy” rating on shares of Laird in a research report on Thursday. Stifel Nicolaus raised shares of Laird to a “buy” rating and lowered their price objective for the stock from GBX 160 ($2.21) to GBX 135 ($1.87) in a research report on Thursday, February 8th. Finally, Barclays raised their price objective on shares of Laird from GBX 143 ($1.98) to GBX 145 ($2.00) and gave the stock an “equal weight” rating in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 165 ($2.28).
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Laird PLC is engaged in providing engineering solutions that protect electronics from electromagnetic interference and heat, and enable connectivity in mission-critical wireless applications. The Company operates through two segments: Performance Materials and Wireless Systems. The Performance Materials segment designs a range of electro-magnetic interference shielding materials, thermal management solutions, and signal integrity products to a range of electronic devices and prototypes.
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