Speedy Hire (LON:SDY) Posts Earnings Results

Speedy Hire (LON:SDY) released its quarterly earnings results on Wednesday. The company reported GBX (1.71) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Speedy Hire had a negative net margin of 2.80% and a negative return on equity of 7.68%. The business had revenue of £416.10 million during the quarter.

Speedy Hire Trading Down 0.8%

Speedy Hire stock opened at GBX 19.74 on Wednesday. Speedy Hire has a 52 week low of GBX 18.18 and a 52 week high of GBX 33.70. The company has a debt-to-equity ratio of 171.05, a quick ratio of 0.90 and a current ratio of 0.46. The stock has a market capitalization of £90.95 million, a P/E ratio of -7.80, a PEG ratio of 0.21 and a beta of 0.71. The stock has a 50-day simple moving average of GBX 19.89 and a 200 day simple moving average of GBX 22.87.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their target price on shares of Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 63.

About Speedy Hire

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.