The Weir Group (LON:WEIR) Announces Earnings Results

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

The Weir Group Stock Performance

WEIR stock traded up GBX 144 ($1.81) during trading hours on Friday, reaching GBX 2,430 ($30.63). The stock had a trading volume of 2,041,925 shares, compared to its average volume of 682,535. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The stock has a 50-day simple moving average of GBX 2,284.87 and a 200 day simple moving average of GBX 2,166.58. The stock has a market capitalization 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 Weir Group has a fifty-two week low of GBX 1,773.50 ($22.35) and a fifty-two week high of GBX 2,434 ($30.68).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective 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.