Severfield (LON:SFR) Releases Earnings Results

Severfield (LON:SFR) announced its quarterly earnings results on Wednesday. The company reported GBX (12.03) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Severfield had a negative net margin of 3.80% and a negative return on equity of 8.57%. The business had revenue of £454.25 million for the quarter.

Severfield Stock Up 4.7%

Shares of SFR opened at GBX 29.05 on Wednesday. The company has a debt-to-equity ratio of 41.67, a current ratio of 1.06 and a quick ratio of 0.98. The stock has a market capitalization of £85.78 million, a price-to-earnings ratio of -5.63 and a beta of 0.93. Severfield has a 1 year low of GBX 21.30 and a 1 year high of GBX 40.60. The business’s 50 day simple moving average is GBX 26.63 and its 200-day simple moving average is GBX 27.69.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 40 target price on shares of Severfield in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 44.

Severfield Company Profile

Severfield is the largest specialist structural steelwork group in the UK, with a growing presence in India and Europe and a reputation for performance and innovation.

Operating on an international scale, Severfield is widely recognised for its iconic structures, engineering excellence, and unparalleled customer service.

We have the design, experience and engineering skills to serve a diverse range of market sectors, from education and hospitals to bridges and commercial offices.

We approach every project, from the highly technical to basic structural work, with the same level of safety, professionalism, commitment, care and customer service.

Our people make Severfield the success story it is today.