The Weir Group (LON:WEIR) Issues Quarterly Earnings Results

The Weir Group (LON:WEIR) announced its quarterly earnings results on Friday. The company reported GBX 120 ($1.51) earnings per share for the quarter, Digital Look Earnings reports. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%.

The Weir Group Price Performance

Shares of LON WEIR opened at GBX 2,430 ($30.56) on Friday. The Weir Group has a fifty-two week low of GBX 1,773.50 ($22.30) and a fifty-two week high of GBX 2,434 ($30.61). The stock has a market cap of £6.26 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07. The firm’s 50-day simple moving average is GBX 2,289.39 and its 200 day simple moving average is GBX 2,170.21.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target on shares of The Weir Group from GBX 2,075 ($26.09) to GBX 2,300 ($28.92) and gave the company an “overweight” rating in a research report on Thursday, November 7th.

About The Weir Group

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.