Melrose Industries (LON:MRO) Releases Quarterly Earnings Results

Melrose Industries (LON:MRO - Get Free Report) posted its earnings results on Friday. The company reported GBX 15.20 ($0.20) EPS for the quarter, Digital Look Earnings reports. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%.Get Melrose Industries alerts:Melrose Industries Stock PerformanceMRO traded up GBX 25.60 ($0.34) on Friday, reaching GBX 537.80 ($7.10). 5,688,758 shares of the stock were exchanged, compared to its average volume of 11,130,960. The company's 50-day moving average price is GBX 503.82 and its 200 day moving average price is GBX 514.66. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The firm has a market capitalization of £6.95 billion, a PE ratio of -181.89, a PEG ratio of 0.48 and a beta of 1.51. Melrose Industries has a fifty-two week low of GBX 376 ($4.97) and a fifty-two week high of GBX 682.60 ($9.02). Insider ActivityIn other Melrose Industries news, insider Alison Goligher purchased 20,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of GBX 462 ($6.10) per share, for a total transaction of £92,400 ($122,060.77). 1.00% of the stock is currently owned by insiders. Wall Street Analysts Forecast GrowthSeparately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 600 ($7.93) price target on shares of Melrose Industries in a research note on Wednesday, July 2nd.View Our Latest Analysis on MROMelrose Industries Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Melrose IndustriesWhat to Know About Investing in Penny StocksWill Hims & Hers Fall Along With Novo Nordisk?Natural Gas Prices Continue To Rally, These Stocks Should BenefitPlay It Cool: Why Comfort Systems USA Is a Hidden AI WinnerThe Risks of Owning BondsRocket Lab Reports Next Week: Here’s What Investors Should KnowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Melrose Industries Right Now?Before you consider Melrose Industries, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Melrose Industries wasn't on the list.While Melrose Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here