Hargreaves Services (LON:HSP) Announces Earnings Results

Hargreaves Services (LON:HSP) released its quarterly earnings results on Wednesday. The company reported GBX 79.10 earnings per share for the quarter, Digital Look Earnings reports. Hargreaves Services had a return on equity of 11.00% and a net margin of 6.77%.

Hargreaves Services Price Performance

Hargreaves Services stock traded up GBX 12 during midday trading on Wednesday, reaching GBX 796. 86,933 shares of the company were exchanged, compared to its average volume of 74,617. The company has a market capitalization of £244.41 million, a price-to-earnings ratio of 12.25 and a beta of 0.60. The firm’s 50-day simple moving average is GBX 800.85 and its 200-day simple moving average is GBX 774.39. Hargreaves Services has a 1 year low of GBX 588 and a 1 year high of GBX 850. The company has a debt-to-equity ratio of 33.96, a quick ratio of 0.82 and a current ratio of 2.24.

Insider Transactions at Hargreaves Services

In other news, insider Gordon Frank Colenso Banham sold 199,300 shares of Hargreaves Services stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 850, for a total transaction of £1,694,050. Also, insider Nicholas Mills acquired 12,690 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was purchased at an average cost of GBX 814 per share, with a total value of £103,296.60. Insiders have sold a total of 233,988 shares of company stock worth $198,872,580 in the last ninety days. Company insiders own 40.10% of the company’s stock.

About Hargreaves Services

Hargreaves Services plc is a diversified group delivering services to the industrial and property sectors, supporting key industries within the UK and South East Asia. The Company’s three business segments are Services, Hargreaves Land and an investment in a German joint venture, Hargreaves Raw Materials Services GmbH (HRMS). Services provides critical support to many core industries including Energy, Environmental, UK Infrastructure and certain manufacturing industries through the provision of materials handling, mechanical and electrical contracting services, logistics and major earthworks.