XTRA:RHMAerospace & Defense
Rheinmetall (XTRA:RHM) Stock Carries Strong Growth And A Rich P/E
Rheinmetall stock closed today at €1,147.6 after a choppy few weeks that left the 90 day return slightly in decline. The market has been wrestling with a high growth story that still carries plenty of volatility. That tension sharpened with Q2, where revenue reached €3,365m and basic earnings per share printed at €6.29.
The near term story is centered on profit power. Trailing twelve month basic earnings per share now sit at €26.00 and net income from continuing operations is €1.36b. For...