Speedy Hire (LON:SDY) Releases Earnings Results

Speedy Hire (LON:SDY) posted its earnings results on Wednesday. The company reported GBX (1.71) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Speedy Hire had a negative net margin of 2.80% and a negative return on equity of 7.68%. The company had revenue of £416.10 million during the quarter.

Speedy Hire Price Performance

SDY stock opened at GBX 20.50 on Thursday. The company has a debt-to-equity ratio of 171.05, a quick ratio of 0.90 and a current ratio of 0.46. Speedy Hire has a 1 year low of GBX 18.18 and a 1 year high of GBX 33.70. The firm has a market cap of £94.47 million, a P/E ratio of -8.10, a price-to-earnings-growth ratio of 0.21 and a beta of 0.71. The stock has a 50-day simple moving average of GBX 19.91 and a 200-day simple moving average of GBX 22.81.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their target price on Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 63.

Speedy Hire Company Profile

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.