Speedy Hire (LON:SDY) Announces Quarterly Earnings Results

Speedy Hire (LON:SDY) announced its quarterly earnings data on Wednesday. The company reported GBX (1.71) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of £416.10 million during the quarter. Speedy Hire had a negative net margin of 2.80% and a negative return on equity of 7.68%.

Speedy Hire Stock Performance

Shares of LON:SDY opened at GBX 19.74 on Wednesday. The company has a debt-to-equity ratio of 171.05, a current ratio of 0.46 and a quick ratio of 0.90. The business’s fifty day moving average price is GBX 19.89 and its two-hundred day moving average price is GBX 22.87. Speedy Hire has a fifty-two week low of GBX 18.18 and a fifty-two week high of GBX 33.70. The stock has a market capitalization of £90.95 million, a price-to-earnings ratio of -7.80, a price-to-earnings-growth ratio of 0.21 and a beta of 0.71.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their target price on shares of Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Speedy Hire has a consensus rating of “Buy” and an average target price of GBX 63.

Speedy Hire Company Profile

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.