Balfour Beatty (LON:BBY) Issues Earnings Results

Balfour Beatty (LON:BBY) announced 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 net margin of 2.85% and a return on equity of 19.46%.

Balfour Beatty Stock Performance

Balfour Beatty stock opened at GBX 449.80 ($5.83) on Friday. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84. Balfour Beatty has a 12 month low of GBX 341.20 ($4.42) and a 12 month high of GBX 476.40 ($6.17). The company has a fifty day moving average price of GBX 452.08 and a two-hundred day moving average price of GBX 442.74. The company has a market cap of £2.29 billion, a PE ratio of 10.50, a P/E/G ratio of 3.75 and a beta of 0.81.

Analyst Upgrades and Downgrades

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

Balfour Beatty declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is 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.