Crest Nicholson (CRST) Posts Earnings Results

Crest Nicholson (LON:CRST) issued its quarterly earnings data on Tuesday. The company reported GBX 23.80 ($0.32) EPS for the quarter, Digital Look Earnings reports. Crest Nicholson had a net margin of 17.08% and a return on equity of 27.35%.

Shares of Crest Nicholson stock traded up GBX 3 ($0.04) during trading on Thursday, hitting GBX 427.80 ($5.70). 1,805,244 shares of the stock were exchanged, compared to its average volume of 1,510,000. Crest Nicholson has a 1-year low of GBX 466.81 ($6.22) and a 1-year high of GBX 648.50 ($8.63).

The company also recently disclosed a dividend, which will be paid on Friday, October 5th. Stockholders of record on Thursday, September 20th will be paid a dividend of GBX 11.20 ($0.15) per share. The ex-dividend date of this dividend is Thursday, September 20th. This represents a dividend yield of 2.62%.

Several equities research analysts have issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Crest Nicholson in a research note on Tuesday. Peel Hunt reiterated a “hold” rating on shares of Crest Nicholson in a research note on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of Crest Nicholson from GBX 550 ($7.32) to GBX 500 ($6.66) and set a “neutral” rating on the stock in a research note on Friday, May 18th. Numis Securities lowered their price target on shares of Crest Nicholson from GBX 595 ($7.92) to GBX 493 ($6.56) and set an “add” rating on the stock in a research note on Wednesday. Finally, Credit Suisse Group reiterated a “buy” rating and issued a GBX 530 ($7.06) price target on shares of Crest Nicholson in a research note on Tuesday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 567.44 ($7.55).

In other news, insider Stephen Stone sold 250,000 shares of the business’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of GBX 483 ($6.43), for a total transaction of £1,207,500 ($1,607,642.12). Also, insider Leslie Van de Walle acquired 12,000 shares of the stock in a transaction dated Tuesday, June 12th. The shares were purchased at an average price of GBX 421 ($5.61) per share, for a total transaction of £50,520 ($67,261.35).

Crest Nicholson Company Profile

Crest Nicholson Holdings plc engages in builds homes in the United Kingdom. It develops apartments, houses, regeneration schemes, and garden villages; and commercial properties. The company serves first-time buyers, families, and investors. Crest Nicholson Holdings plc was founded in 1963 and is headquartered in Chertsey, the United Kingdom.

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