2024-06-17 07:00:00 ET
Summary
- Rolls-Royce continues to climb, up more than 200% in the past 12 months, the best 1Y performance of any quant-rated aerospace and defense stock.
- Rolls-Royce stock soared after confirming FY24 profit and cash flow guidance, as large engine flying hours returned to 100% of 2019 levels in the first 4 months of the year.
- Rolls-Royce operating profit rose +142% YoY as EBIT margins expanded, and long-term EPS growth FWD is at +28%.
- Excellent momentum, high earnings potential, and solid investment fundamentals make Rolls-Royce an SA Quant Strong Buy.
Rolls-Royce Holdings plc ( OTCPK: RYCEY ) is up more than 200% in the last 12 months and more than 50% since making the SA Quant Team’s list of Top 10 Stocks for 2024 , crushing the S&P 500, Industrial Select Sector Index ( XLI ), and aerospace and defense near peers. RYCEY hit a 4-year high after confirming strong guidance for FY24 at the end of May. Showcasing continued strong momentum and profitable growth, along with solid sales and earnings targets, SA’s Quant Team reiterates its Strong Buy rating on RYCEY....
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Rolls-Royce: Aerospace Stock Continues Climb (SA Quant)