SigmaRoc (LON:SRC) Posts Quarterly Earnings Results

SigmaRoc (LON:SRC) posted its quarterly earnings results on Monday. The company reported GBX 5.23 EPS for the quarter, Digital Look Earnings reports. SigmaRoc had a net margin of 7.68% and a return on equity of 10.11%.

SigmaRoc Stock Performance

LON:SRC traded up GBX 17.43 during mid-day trading on Monday, reaching GBX 144.40. The company’s stock had a trading volume of 63,967,754 shares, compared to its average volume of 14,008,973. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 77.40. The stock has a market cap of £1.60 billion, a P/E ratio of 21.39 and a beta of 1.24. The firm’s fifty day moving average price is GBX 126.26 and its two-hundred day moving average price is GBX 124.82. SigmaRoc has a 12-month low of GBX 105 and a 12-month high of GBX 152.80.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 130 price objective on shares of SigmaRoc in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, SigmaRoc presently has an average rating of “Moderate Buy” and a consensus target price of GBX 165.33.

SigmaRoc Company Profile

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups.