Hays (LON:HAS) Issues Quarterly Earnings Results

Key Points

• Hays reported earnings of GBX 1.31 per share for the quarter, but experienced a negative net margin of 0.07% and a negative return on equity of 0.84%.
• The stock opened at GBX 62.55, showing a decline of 1.5%, and has a market capitalization of £986.45 million with an average price target of GBX 95 from analysts.
• Insider Michael Findlay purchased 34,382 shares at GBX 58 each, indicating confidence from company leadership amidst the current market conditions.

Hays (LON:HAS - Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX 1.31 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Hays had a negative return on equity of 0.84% and a negative net margin of 0.07%.

Hays Trading Down 2.9%

Shares of LON:HAS traded down GBX 1.85 during midday trading on Tuesday, hitting GBX 62.25. 5,540,547 shares of the stock traded hands, compared to its average volume of 5,407,591. The stock has a market capitalization of £981.71 million, a PE ratio of -199.70, a P/E/G ratio of 0.24 and a beta of 1.13. The business's 50 day moving average is GBX 65.46 and its two-hundred day moving average is GBX 70.72. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 43.81. Hays has a one year low of GBX 55.70 and a one year high of GBX 96.60.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HAS. Royal Bank Of Canada reduced their target price on Hays from GBX 100 to GBX 95 and set an "outperform" rating on the stock in a report on Friday. UBS Group reaffirmed a "neutral" rating and set a GBX 70 target price on shares of Hays in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Hays has a consensus rating of "Moderate Buy" and an average target price of GBX 93.33.

Insider Transactions at Hays

In related news, insider Michael Findlay purchased 34,382 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The stock was bought at an average cost of GBX 58 per share, with a total value of £19,941.56. Also, insider Joe Hurd bought 1,923 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were acquired at an average cost of GBX 64 per share, with a total value of £1,230.72. Over the last three months, insiders purchased 69,720 shares of company stock valued at $4,122,128. 0.54% of the stock is owned by insiders.

About Hays