Severfield (LON:SFR) Posts Quarterly Earnings Results

Severfield (LON:SFR) posted its earnings results on Tuesday. The company reported GBX 2.27 ($0.03) earnings per share for the quarter, Digital Look Earnings reports.

LON SFR traded up GBX 0.30 ($0.00) on Thursday, hitting GBX 74 ($0.97). The company had a trading volume of 323,006 shares, compared to its average volume of 129,418. The company has a market capitalization of $226.07 million and a PE ratio of 11.21. The company’s fifty day moving average price is GBX 75.27 and its 200-day moving average price is GBX 70.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.31. Severfield has a 12-month low of GBX 60.26 ($0.79) and a 12-month high of GBX 78 ($1.02).

The business also recently declared a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be issued a GBX 1.10 ($0.01) dividend. This represents a yield of 1.48%. The ex-dividend date of this dividend is Thursday, December 12th. Severfield’s payout ratio is presently 0.45%.

Several research firms have recently weighed in on SFR. Peel Hunt reaffirmed a “buy” rating on shares of Severfield in a report on Tuesday. Peel Hunt reaffirmed a “buy” rating and set a GBX 100 ($1.31) target price on shares of Severfield in a report on Tuesday, October 1st. Finally, Jefferies Financial Group lifted their target price on shares of Severfield from GBX 98 ($1.28) to GBX 103 ($1.35) and gave the company a “buy” rating in a report on Friday, October 25th.

Severfield Company Profile

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Mainland Europe, and internationally. It manufactures metal decking products; composite metal flooring products; and steel and plated beams, steel sections, steelwork products, and intumescent coatings.

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