VP (LON:VP) Issues Earnings Results

VP (LON:VP) released its quarterly earnings data on Wednesday. The company reported GBX 54.50 EPS for the quarter, Digital Look Earnings reports. The business had revenue of £358.27 million during the quarter. VP had a return on equity of 5.34% and a net margin of 2.12%.

VP Trading Up 1.8%

LON:VP opened at GBX 461 on Wednesday. VP has a twelve month low of GBX 460 and a twelve month high of GBX 745. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 166.22. The business has a 50 day moving average price of GBX 468.72 and a two-hundred day moving average price of GBX 498.05. The company has a market cap of £181.92 million, a P/E ratio of -33.82 and a beta of 0.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VP shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price objective on shares of VP in a report on Wednesday. Shore Capital Group reissued an “under review” rating on shares of VP in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 686.67.

Insiders Place Their Bets

In other news, insider Keith Winstanley purchased 3,231 shares of VP stock in a transaction on Wednesday, March 18th. The stock was purchased at an average price of GBX 464 per share, with a total value of £14,991.84. 57.50% of the stock is currently owned by company insiders.

VP Company Profile

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers and tracked access platforms for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment. It also rents excavation support systems and specialist products to the water, civil engineering, and construction industries; provides portable roadways and temporary access solutions to customers in the transmission, construction, rail, and outdoor events markets; offers mechanical and electrical press fittings, and low level access platforms to the construction, fit out, mechanical, and electrical markets; and supplies rail infrastructure portable plants and related trackside services to Network Rail and London Underground, as well as their appointed track renewal, maintenance, and project contractors.