Severfield (LON:SFR) Releases Earnings Results

Severfield (LON:SFR) released its earnings results on Wednesday. The company reported GBX (12.03) earnings per share for the quarter, Digital Look Earnings reports. Severfield had a negative net margin of 3.80% and a negative return on equity of 8.57%. The company had revenue of £454.25 million for the quarter.

Severfield Stock Up 4.7%

LON:SFR opened at GBX 29.05 on Wednesday. The company has a market cap of £85.78 million, a PE ratio of -5.63 and a beta of 0.93. The company’s 50 day moving average is GBX 26.63 and its two-hundred day moving average is GBX 27.69. Severfield has a twelve month low of GBX 21.30 and a twelve month high of GBX 40.60. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 41.67.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 40 price target on shares of Severfield in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Severfield has a consensus rating of “Buy” and an average price target of GBX 44.

About Severfield

Severfield is the largest specialist structural steelwork group in the UK, with a growing presence in India and Europe and a reputation for performance and innovation.

Operating on an international scale, Severfield is widely recognised for its iconic structures, engineering excellence, and unparalleled customer service.

We have the design, experience and engineering skills to serve a diverse range of market sectors, from education and hospitals to bridges and commercial offices.

We approach every project, from the highly technical to basic structural work, with the same level of safety, professionalism, commitment, care and customer service.

Our people make Severfield the success story it is today.