Stelrad Group (LON:SRAD) Announces Earnings Results

Stelrad Group (LON:SRAD) posted its quarterly earnings data on Friday. The company reported GBX 7.43 EPS for the quarter, Digital Look Earnings reports. Stelrad Group had a net margin of 0.30% and a return on equity of 1.61%.

Stelrad Group Trading Up 1.3%

SRAD opened at GBX 155 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.78 and a debt-to-equity ratio of 144.23. The stock’s fifty day moving average is GBX 152.88 and its two-hundred day moving average is GBX 140.21. The company has a market capitalization of £197.40 million, a P/E ratio of 234.85 and a beta of 0.40. Stelrad Group has a 52 week low of GBX 115.88 and a 52 week high of GBX 174.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 190 price objective on shares of Stelrad Group in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 190.

Insider Buying and Selling at Stelrad Group

In other news, insider Katherine Innes Ker purchased 3,750 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of GBX 152 per share, with a total value of £5,700. Also, insider Martyn Coffey purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of GBX 131 per share, for a total transaction of £19,650. 15.67% of the stock is currently owned by corporate insiders.

About Stelrad Group

Stelrad is a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, selling an extensive range of standard and premium steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators and other steel “column” radiators.