Rolls-Royce Holdings plc (LON:RR) Posts Earnings Results

Rolls-Royce Holdings plc (LON:RR) released its quarterly earnings results on Thursday. The company reported GBX 22.17 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Rolls-Royce Holdings plc had a return on equity of 227.54% and a net margin of 27.54%.

Rolls-Royce Holdings plc Stock Down 2.8%

RR stock traded down GBX 39.40 during midday trading on Thursday, reaching GBX 1,380. The stock had a trading volume of 14,458,288 shares. The business has a fifty day simple moving average of GBX 1,359.66 and a two-hundred day simple moving average of GBX 1,280.46. The firm has a market cap of £118.35 billion, a price-to-earnings ratio of 50.31, a PEG ratio of 0.55 and a beta of 1.20. Rolls-Royce Holdings plc has a twelve month low of GBX 196.45 and a twelve month high of GBX 537.20.

Wall Street Analyst Weigh In

Several research firms have weighed in on RR. Berenberg Bank raised their price objective on shares of Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the company a “buy” rating in a research report on Friday, June 12th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,530 price target on shares of Rolls-Royce Holdings plc in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Rolls-Royce Holdings plc from GBX 1,500 to GBX 1,625 and gave the company an “overweight” rating in a report on Monday, June 29th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Rolls-Royce Holdings plc currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,447.20.

Insider Activity

In other Rolls-Royce Holdings plc news, insider Helen McCabe sold 1,359 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of GBX 1,303, for a total transaction of £17,707.77. Also, insider Birgit Behrendt purchased 74 shares of the stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average price of GBX 1,483 per share, with a total value of £1,097.42. In the last three months, insiders purchased 2,837 shares of company stock worth $3,598,282. Corporate insiders own 0.04% of the company’s stock.

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services. The Defence segment is involved in the development, manufacture, marketing, and sale of military aero engines, naval engines, and submarine nuclear power plants, as well as offers aftermarket services.