Balfour Beatty (LON:BBY) Releases Quarterly Earnings Results

Balfour Beatty (LON:BBY) issued its earnings results on Thursday. The company reported GBX 14.40 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. The business had revenue of GBX 452.20 billion for the quarter.

Balfour Beatty Stock Performance

Shares of LON BBY opened at GBX 867 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 89.50. The firm’s 50-day moving average price is GBX 819.31 and its two-hundred day moving average price is GBX 764.74. Balfour Beatty has a 52-week low of GBX 486.40 and a 52-week high of GBX 877. The stock has a market capitalization of £4.14 billion, a P/E ratio of 16.67, a P/E/G ratio of 3.75 and a beta of 0.60.

Insider Activity at Balfour Beatty

In related news, insider Philip Harrison sold 109,744 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £876,854.56. Also, insider Philip Hoare sold 121,214 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £968,499.86. 1.22% of the stock is currently owned by corporate insiders.

Balfour Beatty announced that its board has authorized a stock repurchase program on Wednesday, March 11th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BBY shares. Jefferies Financial Group restated a “buy” rating and set a GBX 985 price objective on shares of Balfour Beatty in a research note on Monday, June 8th. Berenberg Bank boosted their price target on Balfour Beatty from GBX 800 to GBX 870 and gave the company a “buy” rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Balfour Beatty presently has an average rating of “Buy” and a consensus price target of GBX 856.67.

About Balfour Beatty

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.

Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.