Balfour Beatty (LON:BBY) Issues Earnings Results

Balfour Beatty (LON:BBY) issued its quarterly earnings data on Wednesday. The company reported GBX 43.60 ($0.56) earnings per share for the quarter, Digital Look Earnings reports. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%.

Balfour Beatty Stock Up 1.7 %

LON:BBY traded up GBX 7.60 ($0.10) during mid-day trading on Friday, hitting GBX 450.80 ($5.84). 558,244 shares of the company’s stock were exchanged, compared to its average volume of 2,634,071. The business has a fifty day moving average price of GBX 452.08 and a 200 day moving average price of GBX 442.74. The company has a market cap of £2.30 billion, a PE ratio of 10.52, a P/E/G ratio of 3.75 and a beta of 0.81. Balfour Beatty has a one year low of GBX 341.20 ($4.42) and a one year high of GBX 476.40 ($6.17). The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Balfour Beatty from GBX 500 ($6.48) to GBX 575 ($7.45) and gave the stock a “buy” rating in a report on Friday, November 22nd.

Balfour Beatty announced that its Board of Directors has authorized a share repurchase plan on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

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.