Smiths News (LON:SNWS) Issues Quarterly Earnings Results

Smiths News (LON:SNWS) posted its earnings results on Wednesday. The company reported GBX 11.30 EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 103.62 billion during the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%.

Smiths News Stock Down 0.3%

Shares of SNWS stock opened at GBX 72 on Thursday. Smiths News has a 12 month low of GBX 59.60 and a 12 month high of GBX 86. The stock has a market cap of £174.27 million, a P/E ratio of 6.73, a P/E/G ratio of 0.29 and a beta of 0.31. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 501.69. The company has a 50 day simple moving average of GBX 73.85 and a two-hundred day simple moving average of GBX 69.34.

Trending Headlines about Smiths News

Here are the key news stories impacting Smiths News this week:

• Positive Sentiment: Canaccord Genuity raised its price target from 95p to 105p and maintained a Buy rating; Berenberg raised its target from 88p to 110p and also rated the shares Buy. Canaccord Genuity recommendation Berenberg recommendation
• Positive Sentiment: The £375 million in annual national distribution contracts offers substantial contracted business and could support revenue visibility. Revenue and contract announcement
• Neutral Sentiment: Smiths News outlined its “Go National” plans, a strategic initiative whose longer-term contribution will depend on execution. Go National plans
• Negative Sentiment: The full-year bottom line declined, and reports attributed a profit hit to the costs or impact of new contracts. This may have outweighed the revenue and contract wins for investors focused on near-term earnings. Investors’ Chronicle report on profit pressure Full-year bottom-line report

Analysts Set New Price Targets

Several research firms recently commented on SNWS. Canaccord Genuity Group lifted their price objective on Smiths News from GBX 95 to GBX 105 and gave the stock a “buy” rating in a report on Wednesday. Berenberg Bank increased their price target on Smiths News from GBX 88 to GBX 110 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 103.33.

Smiths News Company Profile

In 1792 we started delivering the nation’s newspapers. Today, we’re proud to be the UK’s largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.

Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world’s fastest-moving supply chains. Our teams go further, when others stop, striving to meet the highest standards in all we do.