Balfour Beatty (BBY) Issues Earnings Results

Balfour Beatty (LON:BBY) released its quarterly earnings data on Wednesday. The company reported GBX 20.90 ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 18.80 ($0.26) by GBX 2.10 ($0.03), Bloomberg Earnings reports. The firm had revenue of £69,160 billion during the quarter. Balfour Beatty had a return on equity of 3.68% and a net margin of 0.40%.

Shares of Balfour Beatty (LON BBY) opened at GBX 288.05 ($3.98) on Wednesday. Balfour Beatty has a 1-year low of GBX 252.50 ($3.49) and a 1-year high of GBX 311.70 ($4.31). The stock has a market capitalization of $1,950.00 and a price-to-earnings ratio of 9,601.67.

Several equities research analysts have recently commented on the company. Liberum Capital restated a “buy” rating and set a GBX 350 ($4.84) price objective on shares of Balfour Beatty in a report on Monday, January 15th. Numis Securities upgraded Balfour Beatty to a “buy” rating and set a GBX 350 ($4.84) price objective for the company in a report on Thursday, January 18th. Finally, Peel Hunt restated a “buy” rating and set a GBX 340 ($4.70) price objective on shares of Balfour Beatty in a report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Balfour Beatty has an average rating of “Buy” and an average price target of GBX 329 ($4.55).

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About Balfour Beatty

Balfour Beatty plc is an infrastructure company that provides maintenance, upgrade and management services in power transmission, utilities infrastructure, and road and rail. The Company operates through three segments: Construction Services segment, which is engaged in the physical construction of an asset; Support Services segment, which is engaged in supporting existing assets or functions, such as asset maintenance and refurbishment, and Infrastructure Investments segment, which is engaged in the acquisition operation and disposal of infrastructure assets, such as roads, hospitals, schools, student accommodation, military housing, waste and biomass, offshore transmission networks and other concessions.

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