Melrose Industries (LON:MRO) Issues Quarterly Earnings Results

Melrose Industries (LON:MRO - Get Free Report) released its quarterly earnings results on Thursday. The company reported GBX 26.80 ($0.35) earnings per share for the quarter, Digital Look Earnings reports. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%.

Melrose Industries Trading Down 0.3 %

Shares of LON MRO traded down GBX 1.24 ($0.02) during trading on Monday, reaching GBX 490 ($6.31). The stock had a trading volume of 14,798,790 shares, compared to its average volume of 20,994,570. The business's 50-day moving average price is GBX 595.37 and its 200-day moving average price is GBX 531.53. Melrose Industries has a fifty-two week low of GBX 413.58 ($5.32) and a fifty-two week high of GBX 682.60 ($8.79). The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The company has a market cap of £6.33 billion, a P/E ratio of -165.72, a PEG ratio of 0.48 and a beta of 1.51.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 850 ($10.94) price objective on shares of Melrose Industries in a research note on Thursday, January 23rd.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.