Rolls-Royce Holdings PLC racked up a further gain on Friday after expectation-smashing results secured continued backing from analysts. Panmure Liberum repeated a ‘buy' rating on the back of Thursday's results, noting earnings and guidance had trounced its forecasts.
Helen McCabe, the CFO of Rolls-Royce, discusses the British firm's full-year financial results.
Rolls-Royce Holdings PLC (LSE:RR.) the results are "very strong" according to the City analyst community, but some said the shares are benefitting from an element of 'luck'.
Rolls-Royce, which manufactures jet engines for commercial aircraft along with power systems for ships and submarines, upgraded its mid-term guidance. The company beat analyst expectations for 2024 by posting a 57% increase in annual profit.
Rolls-Royce Holdings PLC (LSE:RR.) brought back its dividend and announced a £1 billion share buyback on top as the engine maker upgraded profit and cashflow targets for the next four years.
British engine-maker Rolls-Royce forecast more growth and lifted its mid-term targets after it beat guidance for 2024, posting a 55% rise in annual profit as widebody jets flew more and its cost-saving plan delivered.
Rolls-Royce's stock has gained 6% since December 2024, with expectations of strong operating profit and free cash flow in the upcoming earnings report. Analysts are more bullish than Rolls-Royce, expecting operating profit and free cash flow targets to be reached ahead of the company's mid-term goals. Growth is driven by civil aerospace, with significant opportunities in wide-body aircraft engines and after market sales, supported by Airbus and Boeing production rates.
Rolls-Royce Holdings PLC (LSE:RR.) will publish final results on Thursday 27 February, with its shares having almost doubled over the past 12 months and risen almost sixfold over the past two years.
Here is how Rolls-Royce Holdings PLC (RYCEY) and Woodward (WWD) have performed compared to their sector so far this year.
Rolls-Royce Holdings PLC (LSE:RR.), the British engineering giant best known for its aircraft engines, is unlikely to suffer much from Donald Trump's latest round of tariffs, according to analysts at Citi.
Rolls-Royce Holdings PLC has penned a £9 million deal with the Ministry of Defence for new nuclear submarine reactors. Marking the largest ever between the two, the agreement is set to be unveiled on Friday during a visit of defence secretary John Healey to Rolls' Derby nuclear reactor factory.
Britain said on Friday it had awarded Rolls-Royce a 9 billion pound ($11 billion) contract to design, make and provide support services to nuclear reactors that power its fleet of submarines.