Balfour Beatty (LON:BBY) Posts Earnings Results

Balfour Beatty (LON:BBY) issued its quarterly earnings results on Wednesday. The company reported GBX 43.60 ($0.56) earnings per share (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 1.5 %

Shares of LON:BBY opened at GBX 450 ($5.83) on Friday. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. Balfour Beatty has a 52-week low of GBX 341.20 ($4.42) and a 52-week high of GBX 476.40 ($6.17). The stock’s fifty day simple moving average is GBX 452.08 and its 200-day simple moving average is GBX 442.74. The company has a market capitalization of £2.30 billion, a P/E ratio of 10.51, a P/E/G ratio of 3.75 and a beta of 0.81.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Balfour Beatty from GBX 500 ($6.48) to GBX 575 ($7.45) and gave the company a “buy” rating in a report on Friday, November 22nd.

Balfour Beatty announced that its Board of Directors has initiated a stock buyback plan on Wednesday, March 12th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Balfour Beatty Company Profile

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.