Taylor Wimpey (LON:TW) Issues Earnings Results

Taylor Wimpey (LON:TW) released its quarterly earnings data on Friday. The homebuilder reported GBX 2.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Taylor Wimpey had a return on equity of 2.40% and a net margin of 2.61%.

Taylor Wimpey Trading Up 0.2%

LON:TW traded up GBX 0.14 during midday trading on Friday, hitting GBX 83.04. 15,566,318 shares of the company traded hands, compared to its average volume of 2,409,451. The firm has a 50-day moving average price of GBX 79.69 and a two-hundred day moving average price of GBX 90.41. The stock has a market cap of £2.99 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 2.04 and a beta of 1.30. The company has a debt-to-equity ratio of 2.96, a current ratio of 4.96 and a quick ratio of 0.71.

Insider Buying and Selling

In other news, insider Mark Castle acquired 1,999 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of GBX 75 per share, with a total value of £1,499.25. Insiders have acquired 3,140 shares of company stock worth $239,880 over the last ninety days. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TW has been the subject of a number of recent research reports. Berenberg Bank cut their target price on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating on the stock in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group lowered their price target on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Taylor Wimpey presently has an average rating of “Hold” and a consensus target price of GBX 109.

Taylor Wimpey Company Profile

Taylor Wimpey plc operates as a homebuilder in the United Kingdom and Spain. It builds and delivers various homes and communities. Taylor Wimpey plc was incorporated in 1935 and is based in High Wycombe, the United Kingdom.