|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||324.30 - 340.20|
|52 Week Range||250.00 - 377.60|
|PE Ratio (TTM)||126.35|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||1.15 (0.34%)|
|1y Target Est||384.50|
The chief executive of Rolls-Royce (RR.L), which is under pressure to fix problems with its Trent 1000 engines, said that so far those issues did not extend to its other engines, the Trent XWB and the Trent 7000. "Because of the issues on Trent 1000 we're doing an awful lot more inspection of XWB engines which is giving us still a lot of confidence that we're not seeing early signs of the turbine issues," CEO Warren East told investors on Friday.
The chief executive of Rolls-Royce said a new round of job cuts announced on Thursday would not affect the teams working to fix problems with its Trent 1000 engines. Warren East told reporters on a call that the 4,600 job cuts were all in positions connected to corporate support functions and management, not manufacturing or engineering. East conceded that the timing of the cuts while the company is trying to fix the Trent 1000 problems was "incongruous".
Britain's Rolls-Royce (RR.L) said its Trent 7000 engines which power the Airbus A330neo jet are not affected by the issues with the Trent 1000 engine, some of which have needed unscheduled maintenance as the turbine blades have worn out more quickly than expected. Bloomberg reported earlier on Friday that the Trent 7000 shared the durability issues on its turbine blades which have plagued the sister engine, the Trent 1000. "Both the Trent 1000 TEN and Trent 7000 have had new turbine blades within their design from the start," Rolls said in an emailed statement.