QinetiQ Group (LON:QQ) Announces Earnings Results

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

QinetiQ Group Price Performance

Shares of QinetiQ Group stock opened at GBX 431.60 on Thursday. The company has a 50-day moving average of GBX 464.79 and a 200 day moving average of GBX 467.37. The firm 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 has a 1 year low of GBX 292.20 and a 1 year high of GBX 491.

QinetiQ Group announced that its board has authorized a share buyback program on Wednesday, March 25th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are 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.