Harworth Group (LON:HWG) Issues Quarterly Earnings Results

Key Points

• Harworth Group reported quarterly earnings of GBX 3 EPS, with a net margin of 52.25% and a return on equity of 7.75%.
• The company has a market capitalization of £553.76 million and a current ratio of 2.59, indicating strong liquidity.
• Analysts have rated the stock as a "buy" with a price target of GBX 210, reflecting positive market sentiment.

Harworth Group (LON:HWG - Get Free Report) announced its earnings results on Tuesday. The company reported GBX 3 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Harworth Group had a return on equity of 7.75% and a net margin of 52.25%.

Harworth Group Stock Down 2.3%

HWG stock traded down GBX 4 during mid-day trading on Friday, hitting GBX 168. The stock had a trading volume of 1,054,278 shares, compared to its average volume of 244,717. The company has a current ratio of 2.59, a quick ratio of 1.13 and a debt-to-equity ratio of 13.88. Harworth Group has a 1-year low of GBX 155 and a 1-year high of GBX 195. The company has a fifty day moving average of GBX 179.01 and a 200 day moving average of GBX 175.11. The stock has a market capitalization of £545.11 million, a price-to-earnings ratio of 971.10 and a beta of 0.74.

Insider Activity at Harworth Group

In related news, insider Lynda Shillaw acquired 23,225 shares of the stock in a transaction dated Friday, September 19th. The shares were acquired at an average price of GBX 172 per share, with a total value of £39,947. Over the last quarter, insiders bought 23,893 shares of company stock worth $4,115,216. Corporate insiders own 1.49% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HWG. Peel Hunt reaffirmed a "buy" rating and set a GBX 210 target price on shares of Harworth Group in a research report on Monday, September 15th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 210 price target on shares of Harworth Group in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 210.

Harworth Group Company Profile

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments.