Balfour Beatty (LON:BBY) Releases Earnings Results

Balfour Beatty (LON:BBY) posted its earnings results on Thursday. The company reported GBX 14.40 EPS for the quarter, Digital Look Earnings reports. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. The firm had revenue of GBX 452.20 billion for the quarter.

Balfour Beatty Trading Up 0.6%

Shares of BBY stock opened at GBX 870.50 on Thursday. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02. The company has a market capitalization of £4.15 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 3.75 and a beta of 0.60. Balfour Beatty has a 52-week low of GBX 486.40 and a 52-week high of GBX 877. The company has a 50-day simple moving average of GBX 817.54 and a two-hundred day simple moving average of GBX 763.56.

Insider Buying and Selling

In related news, insider Philip Harrison sold 109,744 shares of Balfour Beatty stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total transaction of £876,854.56. Also, insider Philip Hoare sold 121,214 shares of Balfour Beatty stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total transaction of £968,499.86. Corporate insiders own 1.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BBY. Jefferies Financial Group reissued a “buy” rating and issued a GBX 985 price target on shares of Balfour Beatty in a report on Monday, June 8th. Berenberg Bank lifted their target price on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 856.67.

Balfour Beatty declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 11th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

About Balfour Beatty

Balfour Beatty is a leading international infrastructure group. With 26,000 employees across the UK, US and Hong Kong, we’re leading the transformation of our industry to meet the challenges of the future.

Trusted by our customers to deliver sustainable solutions and strengthen communities, we finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.