Henry Boot (LON:BOOT) Releases Earnings Results

Henry Boot (LON:BOOT) posted its quarterly earnings results on Wednesday. The company reported GBX (2.20) earnings per share for the quarter, Digital Look Earnings reports. Henry Boot had a net margin of 8.55% and a return on equity of 5.16%.

Henry Boot Price Performance

Shares of LON:BOOT opened at GBX 141.60 on Wednesday. The firm has a market capitalization of £190.15 million, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of -11.97 and a beta of 0.22. The company has a debt-to-equity ratio of 27.55, a current ratio of 4.85 and a quick ratio of 0.83. The business’s 50 day simple moving average is GBX 152.18 and its 200-day simple moving average is GBX 164.60. Henry Boot has a 12 month low of GBX 133.50 and a 12 month high of GBX 230.

Insiders Place Their Bets

In other news, insider Earl Sibley acquired 10,000 shares of Henry Boot stock in a transaction that occurred on Thursday, July 23rd. The stock was purchased at an average cost of GBX 154 per share, with a total value of £15,400. 6.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Berenberg Bank reduced their target price on Henry Boot from GBX 219 to GBX 186 and set a “buy” rating for the company in a report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 226 price target on shares of Henry Boot in a research note on Monday, June 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 206.

Henry Boot News Summary

Here are the key news stories impacting Henry Boot this week:

• Positive Sentiment: Berenberg maintained its “buy” rating on Henry Boot, indicating that the broker still sees longer-term value despite reducing its valuation estimate. Berenberg Cuts Henry Boot’s Price Target, Keeps Buy
• Positive Sentiment: Incoming CEO Edward Hutchinson is preparing a “refreshed strategy,” which could improve capital allocation and operating performance as market conditions stabilize. Henry Boot New CEO Strategy
• Neutral Sentiment: Berenberg cut its price target from GBX 219 to GBX 186 while retaining its buy recommendation. The lower target reflects reduced near-term expectations, but it still implies potential upside from the current trading level. Berenberg Cuts Henry Boot Price Target
• Negative Sentiment: Henry Boot reported a £6.3 million first-half pre-tax loss, compared with the profitability investors would generally expect from the property and land developer. Revenue fell to £80.7 million, while softer land demand weighed on performance. Henry Boot Reports First-Half Loss
• Negative Sentiment: The company also reported quarterly EPS of GBX (2.20), reinforcing concerns over weak current earnings. Its reported net margin was 8.55% and return on equity was 5.16%. Henry Boot Quarterly Earnings
• Negative Sentiment: The interim loss prompted a dividend cut, reducing the stock’s income appeal and likely contributing to investor selling. Henry Boot Dividend Cut

Henry Boot Company Profile

Henry Boot is one of the UK’s leading land, property development and home building businesses – and we’ve been transforming land and spaces since 1886. Listed on the London Stock Exchange for nearly 100 years, we’re renowned for quality, expertise, delivery and a partnership approach across the group – which comprises Hallam Land, HBD, Stonebridge Homes and Banner Plant.

Operating across the UK, and employing over 400 people, we focus on three key markets: residential, industrial and logistics, and urban development.