Speedy Hire (LON:SDY) Announces Quarterly Earnings Results

Speedy Hire (LON:SDY) issued its earnings results on Wednesday. The company reported GBX (1.71) earnings per share for the quarter, Digital Look Earnings reports. Speedy Hire had a negative return on equity of 19.68% and a negative net margin of 6.39%.The firm had revenue of £416.10 million during the quarter.

Speedy Hire Trading Up 1.1%

Speedy Hire stock opened at GBX 20.23 on Friday. Speedy Hire has a 1 year low of GBX 18.18 and a 1 year high of GBX 33.70. The firm’s 50 day moving average price is GBX 19.92 and its 200-day moving average price is GBX 22.75. The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90. The stock has a market cap of £93.19 million, a P/E ratio of -7.99, a PEG ratio of 0.21 and a beta of 0.71.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 63.

Speedy Hire Company Profile

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.