Volution Group (FAN) Posts Quarterly Earnings Results, Hits Expectations

Volution Group (LON:FAN) released its quarterly earnings data on Thursday. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter, hitting the consensus estimate of GBX 14.50 ($0.19), Digital Look Earnings reports. Volution Group had a net margin of 6.93% and a return on equity of 8.44%.

Shares of FAN stock opened at GBX 186.25 ($2.43) on Friday. Volution Group has a twelve month low of GBX 172 ($2.25) and a twelve month high of GBX 224 ($2.93).

The company also recently announced a dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Thursday, November 22nd will be paid a GBX 2.98 ($0.04) dividend. The ex-dividend date is Thursday, November 22nd. This is an increase from Volution Group’s previous dividend of $1.46. This represents a dividend yield of 1.61%.

In other news, insider Ronnie George bought 10,000 shares of the firm’s stock in a transaction dated Thursday, October 11th. The stock was acquired at an average cost of GBX 170 ($2.22) per share, for a total transaction of £17,000 ($22,213.51).

Several research firms have recently issued reports on FAN. Peel Hunt reissued a “hold” rating on shares of Volution Group in a research report on Tuesday, July 17th. Liberum Capital reissued a “buy” rating on shares of Volution Group in a research report on Thursday. Numis Securities reissued a “hold” rating on shares of Volution Group in a research report on Friday, August 10th. Canaccord Genuity reissued a “buy” rating and issued a GBX 230 ($3.01) price objective on shares of Volution Group in a research report on Friday, July 6th. Finally, Berenberg Bank dropped their price objective on shares of Volution Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set a “buy” rating for the company in a research report on Friday, August 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 231.25 ($3.02).

About Volution Group

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial construction markets in the United Kingdom and internationally. The company operates through two segments, Ventilation Group and OEM (Torin-Sifan). The company's products include unitary extractor fans for use in bathrooms and kitchens; MVHR and MEV systems; rigid, semi-rigid, and flexible ducting products and accessories; mechanical heat recovery units; air handling units and fan coils; commercial ventilation products; underfloor heating, heated towel rails, radiators, and storage and panel heaters; wall, box, and tower fans, as well as portable air conditioners; hand dryers and insect killers; and sensors, controllers, and ducting products.

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