Pennon Group (LON:PNN) Releases Earnings Results

Pennon Group (LON:PNN) released its earnings results on Tuesday. The company reported GBX (10.30) (($0.14)) EPS for the quarter, Digital Look Earnings reports. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%.

Pennon Group Stock Performance

Shares of PNN opened at GBX 502.50 ($6.81) on Tuesday. Pennon Group has a 12 month low of GBX 383 ($5.19) and a 12 month high of GBX 691 ($9.36). The stock has a fifty day moving average price of GBX 484.68 and a 200-day moving average price of GBX 505.30. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 341.72. The firm has a market cap of £2.33 billion, a PE ratio of -141.29, a P/E/G ratio of 8.20 and a beta of 0.29.

Pennon Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, January 30th were issued a dividend of GBX 14.69 ($0.20) per share. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group’s dividend payout ratio is presently -1,715.11%.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “neutral” rating and issued a GBX 497 ($6.73) price target on shares of Pennon Group in a report on Tuesday, February 18th.

About Pennon Group

At the top end of the FTSE250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive.