Persimmon (LON:PSN) Issues Earnings Results

Persimmon (LON:PSN) released its quarterly earnings results on Tuesday. The company reported GBX 92.10 ($1.19) earnings per share (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 Stock Up 3.8 %

Shares of LON:PSN opened at GBX 1,215.50 ($15.65) on Tuesday. Persimmon has a 1 year low of GBX 1,047 ($13.48) and a 1 year high of GBX 1,721.80 ($22.17). The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04. The business’s 50-day moving average is GBX 1,201.47 and its 200-day moving average is GBX 1,381.22. The company has a market capitalization of £3.91 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 0.83 and a beta of 1.37.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price objective on shares of Persimmon from GBX 1,640 ($21.11) to GBX 1,520 ($19.57) and set an “overweight” rating for the company in a research 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.