SigmaRoc (LON:SRC) Releases Earnings Results

SigmaRoc (LON:SRC) issued its earnings results on Monday. The company reported GBX 5.23 EPS for the quarter, Digital Look Earnings reports. SigmaRoc had a return on equity of 10.11% and a net margin of 7.68%.

SigmaRoc Stock Performance

LON:SRC opened at GBX 133 on Tuesday. The stock has a market capitalization of £1.48 billion, a P/E ratio of 19.70 and a beta of 1.24. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 77.40. SigmaRoc has a 1 year low of GBX 105 and a 1 year high of GBX 152.80. The firm has a 50 day moving average of GBX 126.55 and a 200-day moving average of GBX 124.76.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 130 price target on shares of SigmaRoc in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SigmaRoc has a consensus rating of “Moderate Buy” and an average target price of GBX 165.33.

SigmaRoc Company Profile

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups.