Balfour Beatty (LON:BBY) Releases Quarterly Earnings Results

Balfour Beatty (LON:BBY) posted its quarterly earnings results on Thursday. The company reported GBX 14.40 earnings per share (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 company had revenue of GBX 452.20 billion during the quarter.

Balfour Beatty Stock Up 0.6%

Shares of Balfour Beatty stock opened at GBX 870.50 on Thursday. The stock’s fifty day moving average is GBX 817.54 and its 200-day moving average is GBX 763.56. The firm has a market capitalization of £4.15 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 3.75 and a beta of 0.60. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 89.50. Balfour Beatty has a 12-month low of GBX 486.40 and a 12-month high of GBX 877.

Analyst Ratings Changes

Several research firms have weighed in on BBY. Berenberg Bank lifted their target price on Balfour Beatty from GBX 800 to GBX 870 and gave the company a “buy” rating in a research report on Thursday, March 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 985 price target on shares of Balfour Beatty in a report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Balfour Beatty presently has an average rating of “Buy” and a consensus price target of GBX 856.67.

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

Insider Transactions at Balfour Beatty

In other news, insider Philip Harrison sold 109,744 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was 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 the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £968,499.86. Insiders own 1.22% of the company’s stock.

Balfour Beatty Company Profile

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.