Morgan Sindall Group (LON:MGNS) Issues Earnings Results

Key Points

• Morgan Sindall Group reported quarterly earnings of GBX 153.10 ($2.05) per share, with a return on equity of 21.60% and a net margin of 2.82%.
• The company's stock increased by 3.4% and trades at approximately GBX 4,610 ($61.59), with a market cap of £2.18 billion.
• Berenberg Bank maintains a "buy" rating on Morgan Sindall Group, setting a price target of GBX 4,500 ($60.12) on its shares.

Morgan Sindall Group (LON:MGNS - Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 153.10 ($2.03) EPS for the quarter, Digital Look Earnings reports. Morgan Sindall Group had a return on equity of 21.60% and a net margin of 2.82%.

Morgan Sindall Group Price Performance

MGNS traded down GBX 80 ($1.06) on Friday, reaching GBX 4,510 ($59.86). The stock had a trading volume of 52,889 shares, compared to its average volume of 161,010. Morgan Sindall Group has a fifty-two week low of GBX 2,585 ($34.31) and a fifty-two week high of GBX 4,875 ($64.71). The firm has a 50-day moving average of GBX 4,274.56 and a 200-day moving average of GBX 3,738.09. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 18.51. The company has a market capitalization of £2.13 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Peel Hunt restated an "add" rating and issued a GBX 4,800 ($63.71) price target on shares of Morgan Sindall Group in a research note on Tuesday. Berenberg Bank restated a "buy" rating and issued a GBX 5,000 ($66.37) price target on shares of Morgan Sindall Group in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Morgan Sindall Group from GBX 4,600 ($61.06) to GBX 5,000 ($66.37) and gave the company a "buy" rating in a research note on Tuesday.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported an annual revenue of £4.5bn in the full year 2024. The Group employs over 8,000 employees and operates in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.