Smiths Group plc (SMIN) Releases Quarterly Earnings Results, Beats Expectations By $3.40 EPS
Smiths Group plc (LON:SMIN) posted its earnings results on Friday. The company reported GBX 97.60 ($1.32) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 94.20 ($1.27) by GBX 3.40 ($0.05), Bloomberg Earnings reports. Smiths Group plc had a net margin of 18.75% and a return on equity of 34.78%. The firm had revenue of £328 billion during the quarter.
Shares of Smiths Group plc (LON SMIN) opened at 1527.00 on Friday. The company’s 50-day moving average is GBX 1,561.65 and its 200 day moving average is GBX 1,593.78. Smiths Group plc has a 12 month low of GBX 1,358.00 and a 12 month high of GBX 1,685.00. The company’s market capitalization is GBX 6.04 billion.
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In other news, insider Andrew Reynolds Smith sold 28,427 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of GBX 1,593 ($21.48), for a total transaction of £452,842.11 ($610,546.19). Also, insider George Buckley acquired 431 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average cost of GBX 1,544 ($20.82) per share, for a total transaction of £6,654.64 ($8,972.15).
A number of research analysts recently issued reports on the stock. BNP Paribas reissued a “neutral” rating and set a GBX 1,630 ($21.98) price target on shares of Smiths Group plc in a research report on Tuesday, July 18th. Royal Bank Of Canada lifted their price target on shares of Smiths Group plc from GBX 1,750 ($23.59) to GBX 1,775 ($23.93) and gave the company an “outperform” rating in a research report on Wednesday, June 28th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,730 ($23.32) price target on shares of Smiths Group plc in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 1,850 ($24.94) price target on shares of Smiths Group plc in a research report on Friday. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Smiths Group plc in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,578.85 ($21.29).
Smiths Group plc Company Profile
Smiths Group plc is a technology company. The Company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. The John Crane division offers mechanical seals, seal support systems, engineered bearings and power transmission couplings, among others. The Smiths Medical division offers infusion systems, vascular access (including safety needles), patient airway and temperature management equipment, and specialty devices in areas of in vitro fertilization, diagnostics and emergency patient transport.
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