Smiths News (LON:SNWS) Releases Earnings Results

Smiths News (LON:SNWS) announced its quarterly earnings data on Wednesday. The company reported GBX 11.30 EPS for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 103.62 billion for the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%.

Smiths News Stock Down 9.8%

Shares of SNWS traded down GBX 7.94 during mid-day trading on Wednesday, hitting GBX 73.26. 5,035,210 shares of the company’s stock were exchanged, compared to its average volume of 718,146. The company has a debt-to-equity ratio of 501.69, a current ratio of 0.90 and a quick ratio of 0.83. Smiths News has a 52 week low of GBX 59.60 and a 52 week high of GBX 86. The company has a market cap of £177.32 million, a PE ratio of 6.85, a P/E/G ratio of 0.29 and a beta of 0.31. The company has a 50-day simple moving average of GBX 73.77 and a 200 day simple moving average of GBX 69.32.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SNWS. Berenberg Bank increased their price target on shares of Smiths News from GBX 88 to GBX 110 and gave the company a “buy” rating in a research report on Wednesday. Canaccord Genuity Group boosted their price objective on shares of Smiths News from GBX 95 to GBX 105 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 103.33.

About Smiths News

In 1792 we started delivering the nation’s newspapers. Today, we’re proud to be the UK’s largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.

Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world’s fastest-moving supply chains. Our teams go further, when others stop, striving to meet the highest standards in all we do.