Bae Systems (BAESY) Projected to Post Quarterly Earnings on Thursday

Bae Systems (OTCMKTS:BAESY) will likely be releasing its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $1.96 per share and revenue of $20.8759 billion for the quarter.

Bae Systems Trading Up 0.1%

BAESY stock opened at $102.88 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $101.72 and a two-hundred day simple moving average of $109.49. Bae Systems has a 52-week low of $84.50 and a 52-week high of $126.00.

Institutional Investors Weigh In On Bae Systems

A hedge fund recently raised its stake in Bae Systems stock. Rhumbline Advisers raised its position in Bae Systems PLC (OTCMKTS:BAESY) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,643 shares of the aerospace company’s stock after buying an additional 158 shares during the period. Rhumbline Advisers’ holdings in Bae Systems were worth $593,000 as of its most recent filing with the SEC. 0.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BAESY has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a report on Thursday, June 25th. Erste Group Bank downgraded Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Kepler Capital Markets raised Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.