Babcock International Group (BAB) Releases Earnings Results, Beats Estimates By $0.80 EPS

Babcock International Group (LON:BAB) announced its quarterly earnings data on Wednesday. The company reported GBX 39.90 ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 39.10 ($0.51) by GBX 0.80 ($0.01), Digital Look Earnings reports.

Babcock International Group stock traded up GBX 1.80 ($0.02) during midday trading on Friday, hitting GBX 578.20 ($7.56). 1,931,223 shares of the company were exchanged, compared to its average volume of 2,170,000. Babcock International Group has a fifty-two week low of GBX 604 ($7.89) and a fifty-two week high of GBX 1,030 ($13.46).

The business also recently announced a dividend, which will be paid on Wednesday, January 16th. Investors of record on Thursday, December 6th will be issued a dividend of GBX 7.10 ($0.09) per share. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 6th.

A number of research analysts have recently weighed in on BAB shares. Peel Hunt reissued a “hold” rating on shares of Babcock International Group in a report on Monday, July 30th. Jefferies Financial Group cut their price objective on Babcock International Group from GBX 1,260 ($16.46) to GBX 950 ($12.41) and set a “buy” rating on the stock in a report on Monday, August 6th. Numis Securities reissued a “buy” rating on shares of Babcock International Group in a report on Monday, September 3rd. Liberum Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, September 19th. Finally, Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, September 19th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 843.73 ($11.02).

In related news, insider Myles Lee bought 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The shares were purchased at an average cost of GBX 551 ($7.20) per share, with a total value of £41,325 ($53,998.43).

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Babcock International Group Company Profile

Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.

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