Balfour Beatty (LON:BBY) Announces Quarterly Earnings Results

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

Balfour Beatty Stock Performance

Shares of LON:BBY opened at GBX 871.50 on Friday. The business has a fifty day moving average of GBX 820.26 and a 200-day moving average of GBX 765.49. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02. Balfour Beatty has a twelve month low of GBX 486.40 and a twelve month high of GBX 877. The firm has a market cap of £4.16 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 3.75 and a beta of 0.60.

Analyst Upgrades and Downgrades

BBY has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 985 price objective on shares of Balfour Beatty in a report on Monday, June 8th. Berenberg Bank upped their target price on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 856.67.

Insider Activity

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

Balfour Beatty announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 11th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.