SigmaRoc (LON:SRC) Releases Quarterly Earnings Results

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

SigmaRoc Stock Down 3.4%

Shares of SRC opened at GBX 133.30 on Tuesday. The firm has a 50 day simple moving average of GBX 126.55 and a two-hundred day simple moving average of GBX 124.76. The company has a debt-to-equity ratio of 77.40, a current ratio of 1.17 and a quick ratio of 0.88. SigmaRoc has a one year low of GBX 105 and a one year high of GBX 152.80. The company has a market cap of £1.48 billion, a P/E ratio of 19.75 and a beta of 1.24.

Analyst Ratings Changes

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

About SigmaRoc

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.