United Utilities Group (LON:UU) Releases Earnings Results

United Utilities Group (LON:UU) issued its quarterly earnings data on Thursday. The company reported GBX 107.10 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 261.63 billion during the quarter. United Utilities Group had a net margin of 16.93% and a return on equity of 20.12%.

United Utilities Group Trading Down 2.1%

UU stock traded down GBX 28.50 during mid-day trading on Thursday, reaching GBX 1,312. The company’s stock had a trading volume of 3,833,479 shares, compared to its average volume of 328,047. The stock has a market cap of £8.99 billion, a PE ratio of 70.82, a PEG ratio of 0.69 and a beta of 0.56. The company has a debt-to-equity ratio of 571.15, a quick ratio of 1.13 and a current ratio of 2.22. The company’s fifty day moving average price is GBX 1,341.88 and its 200 day moving average price is GBX 1,260.34.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UU. JPMorgan Chase & Co. upped their price objective on shares of United Utilities Group from GBX 1,300 to GBX 1,450 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,320 price objective on shares of United Utilities Group in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,381.40.

Insider Buying and Selling at United Utilities Group

In other news, insider Marina Wyatt purchased 2,400 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of GBX 1,269 per share, with a total value of £30,456. Over the last three months, insiders have purchased 2,426 shares of company stock valued at $3,079,348. Corporate insiders own 0.05% of the company’s stock.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes. United Utilities Group PLC was incorporated in 2008 and is based in Warrington, the United Kingdom.