Balfour Beatty (LON:BBY) Posts Earnings Results

Balfour Beatty (LON:BBY) posted its quarterly earnings results on Thursday. The company reported GBX 14.40 earnings per share for the quarter, Digital Look Earnings reports. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%.The business had revenue of GBX 452.20 billion for the quarter.

Balfour Beatty Trading Up 0.6%

Shares of BBY stock opened at GBX 870.50 on Thursday. The stock has a market cap of £4.15 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 3.75 and a beta of 0.60. Balfour Beatty has a 1 year low of GBX 486.40 and a 1 year high of GBX 877. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50. The stock has a 50 day simple moving average of GBX 817.54 and a 200 day simple moving average of GBX 763.56.

Analysts Set New Price Targets

Several research firms have commented on BBY. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 985 price objective on shares of Balfour Beatty in a report on Monday, June 8th. Berenberg Bank lifted their target price on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 856.67.

Balfour Beatty declared that its board has approved a share repurchase program on Wednesday, March 11th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at Balfour Beatty

In other news, insider Philip Hoare sold 121,214 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total value of £968,499.86. Also, insider Philip Harrison sold 109,744 shares of Balfour Beatty stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £876,854.56. Corporate insiders own 1.22% of the company’s stock.

About Balfour Beatty

Balfour Beatty is a leading international infrastructure group. With 26,000 employees across the UK, US and Hong Kong, we’re leading the transformation of our industry to meet the challenges of the future.

Trusted by our customers to deliver sustainable solutions and strengthen communities, we finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.