QinetiQ Group (LON:QQ) Posts Earnings Results

QinetiQ Group (LON:QQ) released its quarterly earnings data on Thursday. The company reported GBX 31.50 earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a negative net margin of 11.16% and a negative return on equity of 35.50%.

QinetiQ Group Stock Performance

QQ stock opened at GBX 477 on Friday. The firm has a market cap of £2.63 billion, a PE ratio of 19.75, a P/E/G ratio of 1.47 and a beta of 0.43. The firm’s fifty day moving average is GBX 462.13 and its 200 day moving average is GBX 467.03. QinetiQ Group has a one year low of GBX 292.20 and a one year high of GBX 491.

QinetiQ Group announced that its board has approved a stock buyback plan on Wednesday, March 25th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

About QinetiQ Group

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.