Stock Buyback Program Authorized by Keller Group (LON:KLR) Board of Directors

Keller Group (LON:KLR - Get Free Report) announced that its Board of Directors has approved a stock buyback plan on Monday, March 31st, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Keller Group Trading Down 6.3 %

Keller Group stock traded down GBX 88 ($1.14) during mid-day trading on Friday, hitting GBX 1,302 ($16.80). 173,020 shares of the stock were exchanged, compared to its average volume of 334,064. The stock has a market capitalization of £948.79 million, a price-to-earnings ratio of 7.53, a PEG ratio of 2.86 and a beta of 1.34. Keller Group has a 12 month low of GBX 1,024 ($13.21) and a 12 month high of GBX 1,704 ($21.98). The company has a quick ratio of 1.17, a current ratio of 1.36 and a debt-to-equity ratio of 71.61. The firm's fifty day simple moving average is GBX 1,362.03 and its two-hundred day simple moving average is GBX 1,474.07.

Keller Group (LON:KLR - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported GBX 204 ($2.63) earnings per share (EPS) for the quarter. Keller Group had a net margin of 4.20% and a return on equity of 23.55%. Analysts forecast that Keller Group will post 192.5925926 EPS for the current year.

Keller Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 22nd will be paid a dividend of GBX 33.10 ($0.43) per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 2.4%. This is a boost from Keller Group's previous dividend of $16.60. Keller Group's dividend payout ratio (DPR) is currently 27.77%.

Insiders Place Their Bets

In other Keller Group news, insider David Burke sold 33,773 shares of Keller Group stock in a transaction on Monday, March 17th. The shares were sold at an average price of GBX 1,408 ($18.16), for a total value of £475,523.84 ($613,420.85). 4.19% of the stock is currently owned by corporate insiders.

About Keller Group

Keller Group plc provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers ground improvement services, grouting, deep foundations, earth retention, marine, and instrumentation and monitoring services, as well as post-tension systems and industrial services.