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

Spirax-Sarco Engineering (LON:SPX) issued its quarterly 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 net margin of 11.57% and a return on equity of 16.58%.

Spirax-Sarco Engineering Stock Up 4.0 %

SPX opened at GBX 7,020 ($90.89) on Wednesday. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. Spirax-Sarco Engineering has a one year low of GBX 6,350 ($82.21) and a one year high of £107.70 ($139.44). The business’s fifty day moving average is GBX 7,383.68 and its two-hundred day moving average is GBX 7,179.08. The company has a market cap of £5.17 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 2.20 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Spirax-Sarco Engineering currently has an average rating of “Hold” and a consensus price target of GBX 8,672.50 ($112.28).

Spirax-Sarco Engineering Company Profile

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.