Smiths News (LON:SNWS) Issues Earnings Results

Key Points

• Smiths News reported quarterly earnings per share of 11.30 GBX and revenue of 103.62 billion GBX, with a net margin of 2.59%.
• The shares fell 9.8% on Wednesday to 73.26 GBX, despite trading volume far above the average.
• Analysts maintained a consensus Buy rating, with an average price target of 103.33 GBX; Canaccord Genuity and Berenberg raised their targets to 105 GBX and 110 GBX, respectively.

Smiths News (LON:SNWS - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX 11.30 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 103.62 billion during the quarter. Smiths News had a net margin of 2.59% and a return on equity of 350.65%.

Smiths News Stock Down 9.8%

SNWS stock traded down GBX 7.94 during trading on Wednesday, reaching GBX 73.26. The stock had a trading volume of 5,035,210 shares, compared to its average volume of 718,146. Smiths News has a one year low of GBX 59.60 and a one year high of GBX 86. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 501.69. The company's 50 day moving average is GBX 73.77 and its two-hundred day moving average is GBX 69.32. The company has a market capitalization of £177.32 million, a price-to-earnings ratio of 6.85, a P/E/G ratio of 0.29 and a beta of 0.31.

Analysts Set New Price Targets

SNWS has been the subject of several research analyst reports. Canaccord Genuity Group lifted their price objective on Smiths News from GBX 95 to GBX 105 and gave the stock a "buy" rating in a research report on Wednesday. Berenberg Bank lifted their target price on Smiths News from GBX 88 to GBX 110 and gave the stock a "buy" rating in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of GBX 103.33.

About Smiths News

In 1792 we started delivering the nation's newspapers. Today, we're proud to be the UK's largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops. Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world's fastest-moving supply chains. Our teams go further, when others stop, striving to meet the highest standards in all we do.

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