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

The Weir Group (LON:WEIR) issued its quarterly earnings data 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 Stock Performance

The Weir Group stock traded up GBX 144 ($1.81) during mid-day trading on Friday, reaching GBX 2,430 ($30.63). 2,041,925 shares of the company were exchanged, compared to its average volume of 682,535. The firm has a market cap of £6.26 billion, a PE ratio of 28.55, a price-to-earnings-growth 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 2,284.87 and its two-hundred day simple moving average is GBX 2,166.58. The Weir Group has a twelve month low of GBX 1,773.50 ($22.35) and a twelve month high of GBX 2,434 ($30.68).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their target price on The Weir Group from GBX 2,075 ($26.15) to GBX 2,300 ($28.99) and gave the stock an “overweight” rating in a research note 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.