Spectris (SXS) Issues Earnings Results, Beats Estimates By $9.70 EPS

Share on StockTwits

Spectris (LON:SXS) issued its quarterly earnings data on Tuesday. The company reported GBX 164.90 ($2.15) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 155.20 ($2.03) by GBX 9.70 ($0.13), Bloomberg Earnings reports.

Shares of LON:SXS traded down GBX 70 ($0.91) on Tuesday, hitting GBX 2,608 ($34.08). The company’s stock had a trading volume of 833,980 shares, compared to its average volume of 390,769. Spectris has a 12 month low of GBX 2,225 ($29.07) and a 12 month high of GBX 2,869 ($37.49).

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 23rd will be paid a GBX 40.50 ($0.53) dividend. This is a boost from Spectris’s previous dividend of $20.50. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 1.55%.

SXS has been the subject of a number of recent research reports. Shore Capital restated a “hold” rating on shares of Spectris in a research note on Tuesday, November 20th. HSBC lowered their price objective on Spectris from GBX 2,750 ($35.93) to GBX 2,250 ($29.40) and set a “hold” rating for the company in a research note on Tuesday, October 30th. BNP Paribas lowered their price objective on Spectris from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an “outperform” rating for the company in a research note on Friday, January 25th. JPMorgan Chase & Co. upped their price objective on Spectris from GBX 2,900 ($37.89) to GBX 2,965 ($38.74) and gave the stock an “overweight” rating in a research note on Wednesday, January 16th. Finally, UBS Group restated a “sell” rating on shares of Spectris in a research note on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,710.71 ($35.42).

In other Spectris news, insider Karim Bitar purchased 680 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was bought at an average price of GBX 2,203 ($28.79) per share, with a total value of £14,980.40 ($19,574.55). In the last three months, insiders bought 692 shares of company stock valued at $1,526,847.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by BBNS and is the sole property of of BBNS. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://baseballnewssource.com/2019/02/20/spectris-sxs-issues-earnings-results-beats-estimates-by-9-70-eps/3229180.html.

About Spectris

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Controls. The Materials Analysis segment provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and development processes, when assessing materials before production, or during the manufacturing process.

Further Reading: Do back-end load funds outperform no-load funds?

Receive News & Ratings for Spectris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectris and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.