Balfour Beatty (LON:BBY) Issues Earnings Results

Balfour Beatty (LON:BBY - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported GBX 43.60 ($0.56) earnings per share 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 Performance

BBY stock traded up GBX 5.20 ($0.07) during midday trading on Friday, reaching GBX 448.40 ($5.80). The stock had a trading volume of 617,541 shares, compared to its average volume of 2,635,211. 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 firm has a fifty day simple moving average of GBX 451.97 and a two-hundred day simple moving average of GBX 443. The stock has a market cap of £2.29 billion, a PE ratio of 10.47, a P/E/G ratio of 3.75 and a beta of 0.81. Balfour Beatty has a 52-week low of GBX 341.20 ($4.41) and a 52-week high of GBX 476.40 ($6.16).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Balfour Beatty from GBX 500 ($6.46) to GBX 575 ($7.43) and gave the stock a "buy" rating in a research note on Friday, November 22nd.

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

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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.