SigmaRoc (LON:SRC) Releases Quarterly Earnings Results

SigmaRoc (LON:SRC) posted its quarterly earnings results on Monday. The company reported GBX 5.23 earnings per share (EPS) for the quarter, Digital Look Earnings reports. SigmaRoc had a return on equity of 10.11% and a net margin of 7.68%.

SigmaRoc Stock Up 8.7%

LON:SRC traded up GBX 11.03 during trading hours on Monday, hitting GBX 138. 10,886,802 shares of the company’s stock traded hands, compared to its average volume of 13,700,362. The stock’s fifty day moving average price is GBX 126.26 and its two-hundred day moving average price is GBX 124.82. The firm has a market cap of £1.53 billion, a P/E ratio of 20.44 and a beta of 1.24. The company has a debt-to-equity ratio of 77.40, a quick ratio of 0.88 and a current ratio of 1.17. SigmaRoc has a twelve month low of GBX 105 and a twelve month high of GBX 152.80.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 130 target price on shares of SigmaRoc in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, SigmaRoc has a consensus rating of “Moderate Buy” and an average target price of GBX 165.33.

About SigmaRoc

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups.