Persimmon (LON:PSN) Announces Quarterly Earnings Results

Persimmon (LON:PSN) released its earnings results on Tuesday. The company reported GBX 92.10 ($1.19) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Persimmon had a return on equity of 7.51% and a net margin of 8.84%.

Persimmon Stock Performance

LON PSN opened at GBX 1,163 ($15.08) on Thursday. The firm’s fifty day moving average price is GBX 1,202.11 and its two-hundred day moving average price is GBX 1,374.84. The stock has a market cap of £3.74 billion, a PE ratio of 14.56, a PEG ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. Persimmon has a fifty-two week low of GBX 1,047 ($13.58) and a fifty-two week high of GBX 1,721.80 ($22.33).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on shares of Persimmon from GBX 1,640 ($21.27) to GBX 1,520 ($19.71) and set an “overweight” rating on the stock in a research note on Thursday, December 5th.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.