Howden Joinery Group (LON:HWDN) Announces Quarterly Earnings Results

Howden Joinery Group (LON:HWDN) posted its earnings results on Thursday. The company reported GBX 17.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Howden Joinery Group had a return on equity of 23.58% and a net margin of 11.07%.

Here are the key takeaways from Howden Joinery Group’s conference call:

• Howdens delivered a solid first half, with group sales up 3.3% reported and 3.7% adjusted, while underlying PBT rose 4.3% to GBP 122 million and EPS grew 5.5%, showing profit growth ahead of sales.
• The company reiterated that it is on track for full-year 2026 and left its outlook unchanged, including the view that the U.K. kitchen market is most likely to be broadly flat this year.
• Management highlighted continued strength in its trade-only, in-stock model, including record customer accounts, very high stock availability, and a world-class 99.98% service level into depots.
• Howdens completed the GBP 390 million acquisition of DIY Kitchens, which it says is complementary and opens access to non-trade, online self-service customers while remaining separate from the core trade business.
• Capital returns remain a priority: the company expects to complete its GBP 100 million buyback by year-end and lifted the interim dividend by 2%, supported by strong cash generation and a robust balance sheet.

Howden Joinery Group Stock Performance

Shares of LON:HWDN opened at GBX 784.50 on Thursday. The company has a current ratio of 2.10, a quick ratio of 0.94 and a debt-to-equity ratio of 59.19. The firm’s 50-day moving average is GBX 788.88 and its 200 day moving average is GBX 819.63. Howden Joinery Group has a 12 month low of GBX 713 and a 12 month high of GBX 981. The company has a market capitalization of £4.32 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.96 and a beta of 1.30.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HWDN shares. JPMorgan Chase & Co. raised their target price on shares of Howden Joinery Group from GBX 900 to GBX 955 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Jefferies Financial Group reissued a “hold” rating and set a GBX 919 price objective on shares of Howden Joinery Group in a report on Thursday, June 4th. Royal Bank Of Canada raised Howden Joinery Group to a “sector perform” rating and raised their target price for the stock from GBX 900 to GBX 960 in a research report on Wednesday. Berenberg Bank reissued a “buy” rating and set a GBX 1,075 price objective on shares of Howden Joinery Group in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,210 target price on shares of Howden Joinery Group in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 1,003.17.

Howden Joinery Group Company Profile

Howden Joinery Group Plc is the parent company of Howdens.

Howdens sells kitchens and joinery products to trade customers, primarily small local builders, through a network of over 850 UK depots. The business also operates over 70 depots across France, the Republic of Ireland, and Belgium.

Howdens only sells to the trade – they have the expertise to ensure that our products are fitted to the highest possible standards. Local Howdens depots build trusted partnerships with trade professionals, helping them to exceed their customers’ expectations and allowing their businesses and ours to profit from doing so.