Galliford Try (LON:GFRD) Posts Quarterly Earnings Results

Key Points

• Galliford Try reported earnings of GBX 34.40 per share for the quarter, with a net margin of 2.04% and return on equity of 32.22%.
• Analysts from Berenberg Bank raised their price target for Galliford Try shares from GBX 510 to GBX 530, maintaining a "buy" rating for the stock.
• The company has a current market capitalization of £463.75 million and a debt-to-equity ratio of 43.30.

Galliford Try (LON:GFRD - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX 34.40 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Galliford Try had a return on equity of 32.22% and a net margin of 2.04%.

Galliford Try Stock Up 3.4%

LON GFRD traded up GBX 16.50 on Friday, reaching GBX 499. 413,492 shares of the stock traded hands, compared to its average volume of 204,963. The company has a debt-to-equity ratio of 43.30, a quick ratio of 0.89 and a current ratio of 0.92. The company has a fifty day moving average price of GBX 437.79 and a 200-day moving average price of GBX 405.96. The company has a market cap of £490.89 million, a price-to-earnings ratio of 1,292.75, a PEG ratio of 0.90 and a beta of 1.12. Galliford Try has a 12 month low of GBX 276 and a 12 month high of GBX 504.

Galliford Try announced that its Board of Directors has authorized a share buyback plan on Wednesday, September 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

GFRD has been the subject of several analyst reports. Peel Hunt reaffirmed a "buy" rating and issued a GBX 525 price objective on shares of Galliford Try in a research note on Thursday. Berenberg Bank raised their price objective on Galliford Try from GBX 510 to GBX 530 and gave the company a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 527.50.

Galliford Try Company Profile

Galliford Try is one of the UK's leading construction groups, working to improve the UK's built environment, delivering positive, lasting change for the communities we work in on behalf of our clients. Our business operates mainly under the Galliford Try and Morrison Construction brands, focusing on areas where we have core and proven strengths, namely in Building, Highways and Environment.