Smiths Group (LON:SMIN) Announces Earnings Results

Smiths Group (LON:SMIN) posted its quarterly earnings data on Tuesday. The company reported GBX 55.50 ($0.71) EPS for the quarter, Digital Look Earnings reports. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%.

Smiths Group Stock Down 0.6 %

Shares of LON:SMIN opened at GBX 1,962 ($25.26) on Thursday. Smiths Group has a fifty-two week low of GBX 1,514.66 ($19.50) and a fifty-two week high of GBX 2,188 ($28.17). The firm’s 50 day moving average price is GBX 1,990.33 and its 200 day moving average price is GBX 1,803.85. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55. The stock has a market cap of £6.68 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Smiths Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th will be issued a dividend of GBX 36 ($0.46) per share. This is an increase from Smiths Group’s previous dividend of $30.20. The ex-dividend date is Thursday, April 10th. This represents a yield of 0.71%. Smiths Group’s dividend payout ratio is 61.13%.

Insiders Place Their Bets

In related news, insider Richard Howes acquired 87 shares of Smiths Group stock in a transaction dated Monday, February 3rd. The stock was acquired at an average price of GBX 2,030 ($26.14) per share, for a total transaction of £1,766.10 ($2,273.85). 0.61% of the stock is currently owned by company insiders.

About Smiths Group

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.