Balfour Beatty (LON:BBY) Releases Quarterly Earnings Results

Balfour Beatty (LON:BBY) released its quarterly earnings data on Wednesday. The company reported GBX 43.60 ($0.57) EPS 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 0.4 %

BBY stock opened at GBX 455 ($5.90) on Thursday. Balfour Beatty has a fifty-two week low of GBX 341.20 ($4.42) and a fifty-two week high of GBX 476.40 ($6.18). The business’s 50-day moving average is GBX 452.36 and its two-hundred day moving average is GBX 442.49. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The company has a market cap of £2.32 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 3.75 and a beta of 0.81.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Balfour Beatty from GBX 500 ($6.48) to GBX 575 ($7.46) and gave the company a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty declared that its board has authorized a share repurchase plan on Wednesday, March 12th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

About Balfour Beatty

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.