The Weir Group (LON:WEIR) Issues Earnings Results

Posted by Geri Gentry on Jul 29th, 2026

The Weir Group (LON:WEIR – Get Free Report) posted its earnings results on Wednesday. The company reported GBX 54.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%.

Here are the key takeaways from The Weir Group’s conference call:

Orders increased 8% year over year on a constant-currency basis, with Q2 acceleration, a 1.12 book-to-bill ratio, and approximately £150 million added to the order book. Management said this provides strong momentum for the second half and supports full-year guidance.
First-half operating margin was 18.8%, pressured by product mix and production-transfer delays, but management expects those headwinds to reverse and margins to exceed 20% for the full year as the £90 million Performance Excellence savings program is completed.
Free operating cash conversion fell to 41% and net debt to EBITDA rose to 2.2 times, reflecting higher inventory, delayed customer collections, production transfers, and acquisition-related interest costs. Weir expects working capital to unwind and leverage to move back toward its target range by year-end.
Weir reported continued market-share gains and strong technology traction, including more than 90% success in competitive pump trials, 10 orders for its new Optimil vertical stirred mills, and Micromine annual recurring revenue growth expected above 25%.
Andrew Neilson will become CEO next week, succeeding John, who leaves after a decade focused on transforming Weir into a mining technology company spanning engineered hardware and software.

The Weir Group Stock Up 7.7%

Shares of LON:WEIR traded up GBX 194 during midday trading on Wednesday, hitting GBX 2,718. 7,494,205 shares of the company’s stock traded hands, compared to its average volume of 9,455,263. The firm’s fifty day moving average price is GBX 2,435.61 and its two-hundred day moving average price is GBX 2,823.47. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.16 and a current ratio of 2.05. The Weir Group has a twelve month low of GBX 2,254 and a twelve month high of GBX 3,580. The company has a market cap of £7.06 billion, a PE ratio of 28.58, a P/E/G ratio of 2.59 and a beta of 1.07.

Analysts Set New Price Targets

WEIR has been the topic of a number of analyst reports. Citigroup lowered shares of The Weir Group to a “buy” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. lifted their price objective on The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,555 price target on shares of The Weir Group in a report on Wednesday. Panmure Gordon upgraded shares of The Weir Group to a “buy” rating and set a GBX 3,490 price objective on the stock in a report on Friday, May 1st. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,435.33.

Check Out Our Latest Stock Analysis on WEIR

Insider Buying and Selling at The Weir Group

In related news, insider Penelope Anne Freer bought 900 shares of the stock in a transaction dated Wednesday, July 29th. The stock was acquired at an average price of GBX 2,729 per share, for a total transaction of £24,561. 0.73% of the stock is owned by insiders.

The Weir Group Company Profile

(Get Free Report)

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. The ESCO segment provides ground engaging tools for large mining machines. This segment also offers cloud-based Artificial Intelligence solutions to the mining industry; manufactures and distributes highly engineered wear parts; and offers aftermarket services to the mining industry.