QinetiQ Group (LON:QQ) Issues Quarterly Earnings Results

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

QinetiQ Group Price Performance

Shares of QinetiQ Group stock opened at GBX 431.60 on Thursday. QinetiQ Group has a 1 year low of GBX 292.20 and a 1 year high of GBX 491. The firm’s 50-day moving average is GBX 464.79 and its 200 day moving average is GBX 467.37. The stock has a market cap of £2.38 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.47 and a beta of 0.31.

QinetiQ Group declared that its Board of Directors has initiated a share buyback program on Wednesday, March 25th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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.