Leonardo (FINMY) Projected to Post Earnings on Thursday

Leonardo (OTCMKTS:FINMY) is expected to be announcing its resultson Thursday, July 30th. Analysts expect Leonardo to post earnings of $0.4559 per share and revenue of $6.7722 billion for the quarter.

Leonardo Trading Up 0.6%

Leonardo stock opened at $29.09 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. Leonardo has a fifty-two week low of $25.59 and a fifty-two week high of $37.51. The firm’s fifty day moving average price is $29.44 and its 200-day moving average price is $32.06.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FINMY. Morgan Stanley restated an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Jefferies Financial Group upgraded Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Citigroup upgraded Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Barclays reissued an “overweight” rating on shares of Leonardo in a report on Friday, July 3rd. Finally, Zacks Research upgraded shares of Leonardo to a “hold” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Leonardo currently has an average rating of “Moderate Buy”.

About Leonardo

Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.

The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.