Speedy Hire (LON:SDY) Releases Quarterly Earnings Results

Speedy Hire (LON:SDY) announced its quarterly earnings results on Wednesday. The company reported GBX (1.71) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Speedy Hire had a negative return on equity of 7.68% and a negative net margin of 2.80%.The company had revenue of £416.10 million for the quarter.

Speedy Hire Price Performance

Speedy Hire stock opened at GBX 19.74 on Wednesday. Speedy Hire has a 12 month low of GBX 18.18 and a 12 month high of GBX 33.70. The company has a current ratio of 0.46, a quick ratio of 0.90 and a debt-to-equity ratio of 171.05. The business’s 50 day simple moving average is GBX 19.89 and its 200 day simple moving average is GBX 22.87. The company has a market cap of £90.95 million, a price-to-earnings ratio of -7.80, a PEG ratio of 0.21 and a beta of 0.71.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price target on shares of Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Speedy Hire has a consensus rating of “Buy” and an average target price of GBX 63.

About Speedy Hire

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.