Pennon Group (LON:PNN) Announces Earnings Results

Pennon Group (LON:PNN - Get Free Report) released its quarterly earnings data on Tuesday. The company reported GBX (10.30) (($0.14)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Pennon Group had a negative return on equity of 0.88% and a negative net margin of 1.05%.

Pennon Group Stock Down 1.1%

Pennon Group stock traded down GBX 5.40 ($0.07) during midday trading on Wednesday, hitting GBX 483.20 ($6.55). 1,679,729 shares of the stock were exchanged, compared to its average volume of 4,380,201. Pennon Group has a 1 year low of GBX 383 ($5.19) and a 1 year high of GBX 691 ($9.36). The company has a debt-to-equity ratio of 341.72, a current ratio of 0.97 and a quick ratio of 1.54. The firm has a market cap of £2.24 billion, a P/E ratio of -135.86, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a 50 day moving average price of GBX 485.47 and a two-hundred day moving average price of GBX 505.19.

Pennon Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, April 4th. Investors of record on Thursday, January 30th were issued a dividend of GBX 14.69 ($0.20) per share. This represents a yield of 2.53%. The ex-dividend date of this dividend was Thursday, January 30th. Pennon Group's payout ratio is -1,715.11%.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a "neutral" rating and set a GBX 497 ($6.74) price objective on shares of Pennon Group in a research note on Tuesday, February 18th.

Pennon Group Company Profile

At the top end of the FTSE250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive.