Michael Derrer Fuchs The British civil aero-engine manufacturer Rolls Royce (OTCPK:RYCEY) has had a nice first quarter of 2024 at the stock markets. Year to date [YTD], its price is up by 40% after it already saw an eye popping 3.5x rise in 2023. But even now, a quick look at the stock’s forward non-GAAP price-to-earnings (P/E) ratio at 24.2x indicates that it's still trading much lower than its five-year average of 43.5x. This alone indicates that further upside to it. This upside is also supported by ...

Rolls-Royce (LON: RR) share price had another strong performance in the first quarter of 2024. The stock surged by almost 40% during the quarter as it jumped to its highest level since January 2014. It outperformed the FTSE 100,  FTSE 250 indices and other industrial companies during the quarter.Analysts are bullish on Rolls Royce Copy link to section Notably, Rolls-Royce stock has jumped in the past five straight months, a record winning streak. This performance accelerated after the company published stro ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Rolls-Royce Holdings PLC (LSE:RR.) plans to add 200 jobs in its submarine division as preparations get underway to fill new orders for a partnership between the UK, US and Australia. New roles will centre around the likes of engineering and cyber security and be based in Cardiff and Glasgow, according to Rolls-Royce, adding to the division’s 4,000-strong workforce. Rolls-Royce builds power units for the UK’s nuclear submarines, with the expansion coming as it looks to fill new orders on the back of the AUKU ...

A Rolls-Royce jet engine and logo on display at a company production facility in Europe. (Photo: ... [+] Omer Messinger/Getty Images)Getty ImagesFollowing on from a remarkable 2023 with share price gains of over 200% on an annualized basis, Rolls-Royce (LON: RR) appears to be carrying over the momentum into the new year.The engineering, energy and aerospace giant recently declared more than doubling of its profits for 2023. Last year's top riser on the U.K.'s FTSE 100, as well as the Stoxx 600, a pan-Europe ...

Rolls-Royce Holdings PLC (LSE:RR.) boss Tufan Erginbilgic has not ruled out the possibility of the company building its first mini nuclear reactors overseas. Citing concern over the sluggish pace of the UK’s small modular reactor (SMR) selection process, Erginbilgic told The Telegraph an initial rollout on the continent was possible. Discussing where the first SMR will be built, he said: “We will do the right thing for Rolls-Royce, and that is an option available to us. “My hope is that [...] we can build i ...

Rolls-Royce Holdings PLC (LSE:RR.) boss Tufan Erginbilgic has well and truly delivered on his promise to turn the company around, according to analysts. Following the company’s report of better-than-expected £1.6 billion full-year profit, eToro’s Adam Vettese said it may well not be long before the engine maker fires up its dividend payments once more. FTSE 100-listed Rolls-Royce has forgone any dividend payments since the pandemic struck in 2020. Indeed, Covid-19 hit the business hard, grounding large swat ...

An Airbus A340-313, operated by Universal Sky Carrier is landing at night in Barcelona, Spain.LONDON — Rolls-Royce shares jumped more than 8% on Thursday after the British aerospace group more than doubled its annual profits in 2023 and forecast further momentum this year.Rolls-Royce, which manufactures jet engines for commercial aircraft along with power systems for ships and submarines, posted an underlying operating profit of £1.6 billion ($2 billion) in 2023, compared to £652 million in 2022.The group a ...

Rolls-Royce Holdings PLC (LSE:RR.) reported 143% growth in underlying profits for last year, higher than expected as it cut costs and demand for its aircraft engines recovered from the pandemic lull. The FTSE 100 group expects demand to continue to grow this year, with further efficiencies from chief executive Tufan Erginbilgic's transformation plan.  Underlying operating profit came in at £1.6 billion for 2023, up £0.9 billion on the previous year as revenue grew 21% to £15.4 billion. Free cash flow more t ...

Rolls-Royce Holdings PLC (LSE:RR.) has received an order from Starlux Airlines on the back of the carrier's purchase of new Airbus Group (EPA:AIR) jets at the Singapore air show. Starlux penned orders for three Airbus A330neo passenger jets and five A350 freighters, all of which will be powered by Rolls-Royce engines. “We welcome this order for further Trent 7000 and Trent XWB-97 engines, and thank Starlux for its continued confidence in the power of our Trent engines,” Rolls-Royce civil aero boss Ewen McDo ...