Balfour Beatty (LON:BBY) Posts Quarterly Earnings Results

by · The Cerbat Gem

Balfour Beatty (LON:BBY – Get Free Report) posted its earnings results on Wednesday. The company reported GBX 43.60 ($0.56) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%.

Balfour Beatty Price Performance

LON:BBY traded up GBX 7.60 ($0.10) during trading hours on Friday, reaching GBX 450.80 ($5.84). 590,294 shares of the company were exchanged, compared to its average volume of 2,634,687. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. The stock’s 50-day moving average is GBX 452.08 and its 200-day moving average is GBX 442.74. The firm has a market cap of £2.30 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. Balfour Beatty has a twelve month low of GBX 341.20 ($4.42) and a twelve month high of GBX 476.40 ($6.17).

Balfour Beatty declared that its board has authorized a share buyback program on Wednesday, March 12th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Balfour Beatty from GBX 500 ($6.48) to GBX 575 ($7.45) and gave the company a “buy” rating in a research note on Friday, November 22nd.

Check Out Our Latest Analysis on Balfour Beatty

About Balfour Beatty

(Get Free Report)

Balfour Beatty is a leading international infrastructure group. With 26,000 employees across the UK, US and Hong Kong, we’re leading the transformation of our industry to meet the challenges of the future.
Trusted by our customers to deliver sustainable solutions and strengthen communities, we finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

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