Barratt Redrow (LON:BTRW) Announces Quarterly Earnings Results

Barratt Redrow (LON:BTRW) announced its quarterly earnings data on Wednesday. The company reported GBX 26.10 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Barratt Redrow had a return on equity of 3.13% and a net margin of 4.02%.

Here are the key takeaways from Barratt Redrow’s conference call:

• FY 2027 completion guidance was maintained at 17,500–17,900 homes, supported by resilient underlying reservations and a 6% increase in the forward sales position. However, average outlet guidance was reduced to approximately 405 because of delays in planning approvals.
• The Redrow integration is complete, with the full £100 million cost-synergy target confirmed. The company expects the annual profit-and-loss contribution from synergies to rise to approximately £95 million in FY 2027, while dual- and triple-branded developments are showing encouraging sales rates.
• Adjusted pre-tax profit fell to £572.8 million, while the adjusted operating margin declined to 9.9% as softer underlying pricing, higher incentives, and build-cost inflation outweighed volume growth. Build-cost inflation is expected to run at 3%–4% in FY 2027.
• The balance sheet strengthened to a £61.4 million net surplus, and the company plans total FY 2027 capital returns of £400 million, including £386 million through share buybacks. Net cash at FY 2027 year-end is expected to be £400 million–£500 million, subject to land activity.
• Legacy building-safety obligations remain a significant cash burden, with a total provision of £1.05 billion and expected direct remediation and fund payments of approximately £300 million in FY 2027 and £450 million in FY 2028. The embedded land-bank gross margin also fell to 17.3% amid weaker pricing, cost inflation, and increased incentives.

Barratt Redrow Stock Down 0.1%

Shares of LON BTRW opened at GBX 314.10 on Friday. The stock’s fifty day simple moving average is GBX 303.62 and its 200 day simple moving average is GBX 280.85. The stock has a market capitalization of £4.35 billion, a price-to-earnings ratio of 21.08 and a beta of 1.37. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BTRW shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Citigroup downgraded Barratt Redrow to a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 price target on shares of Barratt Redrow in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a report on Tuesday, June 16th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 348 price target on shares of Barratt Redrow in a research report on Thursday, July 16th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 373.10.

Trending Headlines about Barratt Redrow

Here are the key news stories impacting Barratt Redrow this week:

• Positive Sentiment: Revenue and completions increased: FY26 revenue rose 6.6% to £6.06 billion, while home completions increased 5%. The growth indicates resilient demand and provides a fundamental reason for the stronger share performance. Barratt Redrow FY26 Revenue Rises 6.6% to £6.06 Billion as Home Completions Increase 5%
• Positive Sentiment: Broker remains bullish: Royal Bank of Canada reaffirmed its “outperform” rating and set a GBX 350 price target, above the recent trading level. This signals confidence that the shares have further potential upside. Royal Bank of Canada Reaffirms Barratt Redrow Outperform Rating
• Positive Sentiment: Insider buying provided a confidence signal: Katie Bickerstaffe purchased 6,526 shares at GBX 305, investing nearly £20,000. Insider purchases can be viewed positively because they indicate management exposure to a potential recovery. Barratt Redrow Insider Share Purchase
• Neutral Sentiment: Results supported the broader market move: Barratt Redrow was among the leading shares as the FTSE 100 rose following UK inflation data. The macroeconomic backdrop may improve rate expectations, but the market-wide effect is not specific to the company. UK’s FTSE 100 Rises After Inflation Data; Barratt Redrow Leads
• Negative Sentiment: Profitability remains weak: Quarterly earnings were GBX 26.10 per share, but net margin was only 3.60% and return on equity 2.73%. Coverage describing “tough times” highlights continued pressure in the UK housing market and keeps investors focused on margins and future demand. Tough Times for Barratt Redrow but Shares Bounce on Results Day

Insider Buying and Selling at Barratt Redrow

In related news, insider Geeta Nanda purchased 1,701 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average price of GBX 294 per share, with a total value of £5,000.94. Also, insider Katie Bickerstaffe purchased 6,526 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average cost of GBX 305 per share, for a total transaction of £19,904.30. Corporate insiders own 0.31% of the company’s stock.

Barratt Redrow Company Profile

Barratt Redrow plc is an exceptional FTSE 100 listed UK home builder, building the homes the country needs, and dedicated to quality, service and sustainability.

Together, we offer a range of highly respected and complementary brands, Barratt, David Wilson and Redrow.

We put our customers at the heart of everything we do, through our focus on:

✅ Quality – We deliver high-quality, energy-efficient homes which are built to the highest standards. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.