Persimmon (LON:PSN) Issues Earnings Results

Persimmon (LON:PSN) posted its quarterly earnings results on Tuesday. The company reported GBX 92.10 ($1.19) EPS for the quarter, Digital Look Earnings reports. Persimmon had a net margin of 8.84% and a return on equity of 7.51%.

Persimmon Trading Down 2.2 %

Persimmon stock traded down GBX 26 ($0.34) during midday trading on Thursday, reaching GBX 1,168 ($15.15). 7,523,528 shares of the stock traded hands, compared to its average volume of 9,914,075. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91. Persimmon has a 12-month low of GBX 1,047 ($13.58) and a 12-month high of GBX 1,721.80 ($22.33). The firm has a market cap of £3.75 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a 50-day simple moving average of GBX 1,202.11 and a two-hundred day simple moving average of GBX 1,374.84.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price on Persimmon from GBX 1,640 ($21.27) to GBX 1,520 ($19.71) and set an “overweight” rating on the stock in a report on Thursday, December 5th.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.