Smiths Group (LON:SMIN) Announces Quarterly Earnings Results

Smiths Group (LON:SMIN) announced its quarterly earnings results on Tuesday. The company reported GBX 55.50 ($0.71) EPS for the quarter, Digital Look Earnings reports. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%.

Smiths Group Price Performance

LON SMIN traded down GBX 15 ($0.19) during trading on Thursday, reaching GBX 1,959 ($25.22). The company’s stock had a trading volume of 751,410 shares, compared to its average volume of 5,410,948. The firm has a fifty day moving average of GBX 1,990.33 and a 200 day moving average of GBX 1,803.85. Smiths Group has a one year low of GBX 1,514.66 ($19.50) and a one year high of GBX 2,188 ($28.17). The stock has a market capitalization of £6.67 billion, a PE ratio of 27.22, a P/E/G ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29.

Smiths Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 10th will be given a dividend of GBX 36 ($0.46) per share. This represents a yield of 0.71%. This is a boost from Smiths Group’s previous dividend of $30.20. The ex-dividend date of this dividend is Thursday, April 10th. Smiths Group’s payout ratio is presently 61.13%.

Insider Activity

In related news, insider Richard Howes purchased 87 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average price of GBX 2,030 ($26.14) per share, with a total value of £1,766.10 ($2,273.85). Corporate insiders own 0.61% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.