Henry Boot (LON:BOOT) Issues Earnings Results

Henry Boot (LON:BOOT) announced its earnings results on Wednesday. The company reported GBX (2.20) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Henry Boot had a return on equity of 5.16% and a net margin of 8.55%.

Henry Boot Trading Down 0.6%

Henry Boot stock opened at GBX 141.60 on Wednesday. The stock has a 50-day moving average price of GBX 152.18 and a 200 day moving average price of GBX 164.60. Henry Boot has a 52 week low of GBX 133.50 and a 52 week high of GBX 230. The stock has a market cap of £190.15 million, a PE ratio of 8.28, a P/E/G ratio of -11.97 and a beta of 0.22. The company has a current ratio of 4.85, a quick ratio of 0.83 and a debt-to-equity ratio of 27.55.

Insider Transactions at Henry Boot

In other news, insider Earl Sibley bought 10,000 shares of Henry Boot stock in a transaction on Thursday, July 23rd. The shares were bought at an average cost of GBX 154 per share, for a total transaction of £15,400. Company insiders own 6.41% of the company’s stock.

Trending Headlines about Henry Boot

Here are the key news stories impacting Henry Boot this week:

• Positive Sentiment: Berenberg maintained its “buy” rating on Henry Boot, indicating that the broker still sees longer-term value despite reducing its valuation estimate. Berenberg Cuts Henry Boot’s Price Target, Keeps Buy
• Positive Sentiment: Incoming CEO Edward Hutchinson is preparing a “refreshed strategy,” which could improve capital allocation and operating performance as market conditions stabilize. Henry Boot New CEO Strategy
• Neutral Sentiment: Berenberg cut its price target from GBX 219 to GBX 186 while retaining its buy recommendation. The lower target reflects reduced near-term expectations, but it still implies potential upside from the current trading level. Berenberg Cuts Henry Boot Price Target
• Negative Sentiment: Henry Boot reported a £6.3 million first-half pre-tax loss, compared with the profitability investors would generally expect from the property and land developer. Revenue fell to £80.7 million, while softer land demand weighed on performance. Henry Boot Reports First-Half Loss
• Negative Sentiment: The company also reported quarterly EPS of GBX (2.20), reinforcing concerns over weak current earnings. Its reported net margin was 8.55% and return on equity was 5.16%. Henry Boot Quarterly Earnings
• Negative Sentiment: The interim loss prompted a dividend cut, reducing the stock’s income appeal and likely contributing to investor selling. Henry Boot Dividend Cut

Wall Street Analysts Forecast Growth

BOOT has been the topic of several research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 226 price target on shares of Henry Boot in a research report on Monday, June 8th. Berenberg Bank cut their price objective on Henry Boot from GBX 219 to GBX 186 and set a “buy” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Henry Boot currently has a consensus rating of “Buy” and a consensus price target of GBX 206.

About Henry Boot

Henry Boot is one of the UK’s leading land, property development and home building businesses – and we’ve been transforming land and spaces since 1886. Listed on the London Stock Exchange for nearly 100 years, we’re renowned for quality, expertise, delivery and a partnership approach across the group – which comprises Hallam Land, HBD, Stonebridge Homes and Banner Plant.

Operating across the UK, and employing over 400 people, we focus on three key markets: residential, industrial and logistics, and urban development.