VP (LON:VP) Posts Quarterly Earnings Results

VP (LON:VP) posted its quarterly earnings results on Wednesday. The company reported GBX 54.50 EPS for the quarter, Digital Look Earnings reports. The business had revenue of £358.27 million during the quarter. VP had a net margin of 2.12% and a return on equity of 5.34%.

VP Price Performance

Shares of VP opened at GBX 461 on Wednesday. The firm has a market cap of £181.92 million, a PE ratio of -33.82 and a beta of 0.36. The firm’s 50 day moving average price is GBX 468.72 and its 200 day moving average price is GBX 498.05. The company has a debt-to-equity ratio of 166.22, a quick ratio of 1.08 and a current ratio of 1.14. VP has a twelve month low of GBX 460 and a twelve month high of GBX 745.

Analyst Ratings Changes

Several research firms recently commented on VP. Berenberg Bank restated a “buy” rating and set a GBX 600 price target on shares of VP in a report on Wednesday. Shore Capital Group restated an “under review” rating on shares of VP in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 686.67.

Insiders Place Their Bets

In other news, insider Keith Winstanley purchased 3,231 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were bought at an average price of GBX 464 per share, with a total value of £14,991.84. Insiders own 57.50% of the company’s stock.

VP Company Profile

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers and tracked access platforms for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment. It also rents excavation support systems and specialist products to the water, civil engineering, and construction industries; provides portable roadways and temporary access solutions to customers in the transmission, construction, rail, and outdoor events markets; offers mechanical and electrical press fittings, and low level access platforms to the construction, fit out, mechanical, and electrical markets; and supplies rail infrastructure portable plants and related trackside services to Network Rail and London Underground, as well as their appointed track renewal, maintenance, and project contractors.