Spirax-Sarco Engineering (LON:SPX) Posts Quarterly Earnings Results

Spirax-Sarco Engineering (LON:SPX) issued its earnings results on Tuesday. The company reported GBX 286.30 ($3.71) earnings per share for the quarter, Digital Look Earnings reports. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%.

Spirax-Sarco Engineering Stock Up 0.4 %

LON:SPX traded up GBX 30 ($0.39) during trading hours on Thursday, hitting GBX 7,170 ($92.98). 894,454 shares of the company’s stock traded hands, compared to its average volume of 1,510,884. Spirax-Sarco Engineering has a twelve month low of GBX 6,350 ($82.35) and a twelve month high of £107.30 ($139.15). The firm has a market cap of £5.28 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The stock’s fifty day moving average price is GBX 7,389.38 and its two-hundred day moving average price is GBX 7,175.52.

Analyst Ratings Changes

A number of research firms recently issued reports on SPX. Citigroup reissued a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Spirax-Sarco Engineering from GBX 7,800 ($101.15) to GBX 7,700 ($99.86) and set a “neutral” rating on the stock in a report on Wednesday. Finally, Shore Capital reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Spirax-Sarco Engineering presently has an average rating of “Hold” and a consensus target price of GBX 8,478 ($109.95).

About Spirax-Sarco Engineering

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.