National Grid (LON:NG) Posts Quarterly Earnings Results

National Grid (LON:NG) released its earnings results on Thursday. The company reported GBX 36.50 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 813.80 billion during the quarter. National Grid had a net margin of 18.32% and a return on equity of 8.47%.

National Grid Stock Performance

National Grid stock traded up GBX 24.50 during midday trading on Thursday, reaching GBX 1,265. 8,977,706 shares of the company’s stock were exchanged. National Grid has a 52 week low of GBX 645 and a 52 week high of GBX 1,145.50. The company has a debt-to-equity ratio of 118.97, a quick ratio of 0.34 and a current ratio of 0.76. The firm has a market cap of £62.11 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 2.06 and a beta of 0.59. The stock’s 50-day simple moving average is GBX 1,169.35 and its 200 day simple moving average is GBX 1,237.50.

Insiders Place Their Bets

In other National Grid news, insider Zoe Yujnovich sold 66,930 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of GBX 1,156, for a total value of £773,710.80. Insiders purchased a total of 38 shares of company stock worth $44,224 over the last 90 days. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,300 price target on shares of National Grid in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 1,316.33.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.