LSL Property Services (LON:LSL) Issues Quarterly Earnings Results

Key Points

• LSL Property Services reported quarterly earnings of GBX 11 per share with a net margin of 6.74% and a return on equity of 13.68%.
• The company's shares dropped by 1.0% after opening at GBX 292, with a market capitalization of £297.44 million.
• Insider Adam Castleton purchased 3,328 shares at GBX 297 each, indicating insider confidence, as insiders bought a total of 3,427 shares worth $1,018,531 in the past 90 days.

LSL Property Services (LON:LSL - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported GBX 11 earnings per share for the quarter, Digital Look Earnings reports. LSL Property Services had a return on equity of 13.68% and a net margin of 6.74%.

LSL Property Services Price Performance

LSL traded down GBX 2 during trading on Friday, reaching GBX 282. 26,512 shares of the stock were exchanged, compared to its average volume of 78,578. The business's 50 day moving average price is GBX 283.80 and its two-hundred day moving average price is GBX 284.46. The company has a debt-to-equity ratio of 62.42, a current ratio of 1.30 and a quick ratio of 1.06. The company has a market capitalization of £287.25 million, a price-to-earnings ratio of 1,678.57, a P/E/G ratio of 1.49 and a beta of 1.09. LSL Property Services has a 1 year low of GBX 246.06 and a 1 year high of GBX 334.

Insider Buying and Selling

In other news, insider Adam Castleton bought 3,328 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were bought at an average cost of GBX 297 per share, for a total transaction of £9,884.16. Insiders acquired 3,427 shares of company stock worth $1,018,531 in the last quarter. 20.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LSL has been the topic of a number of recent analyst reports. Jefferies Financial Group raised LSL Property Services to a "buy" rating and upped their price objective for the stock from GBX 280 to GBX 381 in a report on Thursday. Peel Hunt reaffirmed a "buy" rating and set a GBX 360 price objective on shares of LSL Property Services in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 370.50.

About LSL Property Services

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising.