Smiths News (LON:SNWS) Posts Quarterly Earnings Results

Smiths News (LON:SNWS) posted its quarterly earnings data on Wednesday. The company reported GBX 11.30 earnings per share for the quarter, Digital Look Earnings reports. Smiths News had a net margin of 2.35% and a return on equity of 293.98%. The firm had revenue of GBX 103.62 billion for the quarter.

Smiths News Price Performance

SNWS stock opened at GBX 70.40 on Friday. The company has a debt-to-equity ratio of 288.79, a quick ratio of 0.83 and a current ratio of 0.95. Smiths News has a 52 week low of GBX 59.60 and a 52 week high of GBX 86. The firm’s fifty day moving average is GBX 73.85 and its 200 day moving average is GBX 69.34. The firm has a market cap of £170.39 million, a P/E ratio of 6.58, a P/E/G ratio of 0.29 and a beta of 0.31.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SNWS. Berenberg Bank upped their target price on shares of Smiths News from GBX 88 to GBX 110 and gave the stock a “buy” rating in a research report on Wednesday. Canaccord Genuity Group lifted their price target on Smiths News from GBX 95 to GBX 105 and gave the stock a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 103.33.

Smiths News Company Profile

In 1792 we started delivering the nation’s newspapers. Today, we’re proud to be the UK’s largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.

Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world’s fastest-moving supply chains. Our teams go further, when others stop, striving to meet the highest standards in all we do.