Renew (LON:RNWH) Releases Earnings Results, Beats Estimates By $1.30 EPS

Renew (LON:RNWH) released its quarterly earnings data on Tuesday. The company reported GBX 40.40 ($0.53) EPS for the quarter, topping analysts’ consensus estimates of GBX 39.10 ($0.51) by GBX 1.30 ($0.02), Digital Look Earnings reports.

Shares of LON:RNWH opened at GBX 404 ($5.28) on Thursday. The company has a market cap of $306.21 million and a P/E ratio of 14.96. The company has a debt-to-equity ratio of 37.90, a quick ratio of 0.71 and a current ratio of 0.72. Renew has a one year low of GBX 330 ($4.31) and a one year high of GBX 438 ($5.72). The business’s 50-day simple moving average is GBX 381.30 and its 200 day simple moving average is GBX 397.07.

The business also recently announced a dividend, which will be paid on Friday, March 6th. Investors of record on Thursday, January 30th will be issued a dividend of GBX 7.67 ($0.10) per share. This is an increase from Renew’s previous dividend of $3.83. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, January 30th. Renew’s dividend payout ratio (DPR) is presently 0.37%.

In related news, insider Sean Wyndham-Quin bought 2,725 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average cost of GBX 367 ($4.80) per share, for a total transaction of £10,000.75 ($13,067.75).

RNWH has been the topic of several analyst reports. Liberum Capital reiterated a “hold” rating on shares of Renew in a report on Tuesday. Peel Hunt reiterated a “buy” rating on shares of Renew in a report on Tuesday. Shore Capital reiterated a “buy” rating on shares of Renew in a report on Tuesday. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 500 ($6.53) target price on shares of Renew in a report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 453.33 ($5.92).

About Renew

Renew Holdings plc provides multidisciplinary engineering services to the energy, environmental, infrastructure, and specialist building sectors in the United Kingdom. Its services in the energy sector include operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering; nuclear decommissioning and decontamination; and specialist fabrication and manufacturing.

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