Chemring Group (LON:CHG) Issues Quarterly Earnings Results

Chemring Group (LON:CHG) issued its earnings results on Tuesday. The company reported GBX 7 ($0.09) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%.

Chemring Group Price Performance

LON:CHG opened at GBX 560 ($7.59) on Thursday. The business’s 50-day moving average is GBX 410.66 and its 200 day moving average is GBX 371.44. Chemring Group has a 12 month low of GBX 297.50 ($4.03) and a 12 month high of GBX 563 ($7.63). The company has a market capitalization of £1.50 billion, a P/E ratio of 685.65, a P/E/G ratio of 1.99 and a beta of 0.68. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42.

Chemring Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 20th were issued a GBX 5.20 ($0.07) dividend. This represents a dividend yield of 1.44%. This is a boost from Chemring Group’s previous dividend of $2.60. The ex-dividend date was Thursday, March 20th. Chemring Group’s payout ratio is 857.06%.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of Chemring Group in a research report on Tuesday, February 25th.

About Chemring Group

We are a specialist manufacturing and technology business creating market-leading innovative solutions to meet our customers’ complex needs.

Using our extensive science and engineering expertise, we turn ideas into reality, designing and developing critical solutions that protect and safeguard in unpredictable environments in today’s increasingly unstable world.

We achieve this by innovating at every stage of the value chain, from research and development (“R&D”) through to design, manufacture and in-service support, working closely with our customers to deliver products, services and solutions for mission-critical success.

Our customer base spans national defence organisations, security and law enforcement agencies, as well as commercial markets such as space and transport.