Bae Systems (BAESY) Expected to Announce Earnings on Thursday

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

Bae Systems Trading Up 1.1%

OTCMKTS:BAESY opened at $107.65 on Wednesday. Bae Systems has a twelve month low of $84.50 and a twelve month high of $126.00. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $102.11 and a two-hundred day moving average price of $109.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bae Systems stock. Atlas Capital Advisors Inc. purchased a new position in shares of Bae Systems PLC (OTCMKTS:BAESY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,051 shares of the aerospace company’s stock, valued at approximately $98,000. 0.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on BAESY. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s 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.