Hargreaves Services (LON:HSP) Reaches New 12-Month High - Here's What Happened

Key Points

• Hargreaves Services shares reached a new 52-week high, trading as high as GBX 890 before closing at GBX 880, up 1.9% from the previous close.
• The company reported quarterly EPS of GBX 79.10, with an 8.74% net margin and 15.42% return on equity; analysts expect full-year EPS of GBX 42.95.
• Insider Nicholas Mills sold 490,000 shares for approximately £4.02 million, while insiders collectively retain a 43.17% stake in the company.

Hargreaves Services Plc (LON:HSP - Get Free Report)'s share price reached a new 52-week high during trading on Thursday. The stock traded as high as GBX 890 and last traded at GBX 880, with a volume of 41,828 shares changing hands. The stock had previously closed at GBX 864.

Hargreaves Services Trading Up 1.9%

The stock has a market cap of £270.20 million, a P/E ratio of 9.56 and a beta of 0.54. The company has a debt-to-equity ratio of 20.58, a quick ratio of 0.82 and a current ratio of 2.00. The company has a 50-day simple moving average of GBX 844.50 and a 200-day simple moving average of GBX 794.82.

Hargreaves Services (LON:HSP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 79.10 earnings per share (EPS) for the quarter. Hargreaves Services had a net margin of 8.74% and a return on equity of 15.42%. On average, sell-side analysts forecast that Hargreaves Services Plc will post 42.95 EPS for the current fiscal year.

Insider Activity at Hargreaves Services

In other Hargreaves Services news, insider Nicholas Mills sold 490,000 shares of Hargreaves Services stock in a transaction dated Friday, August 14th. The shares were sold at an average price of GBX 820, for a total value of £4,018,000. Company insiders own 43.17% of the company's stock.

Hargreaves Services Company Profile

Hargreaves Services plc is a diversified group delivering services to the core markets of Environmental services, Clean Energy, and Connectivity, supporting key industries within the UK and internationally. The Company operates through three divisions as follows: Services, Land, and a German joint venture. Services is the core of the Group, providing specialist contracted services to critical projects in the Connectivity, Clean Energy and Environmental markets. Its services include but not are not limited to earthmoving, waste management, materials handling, industrial services, mechanical and electrical contracting, and logistics.

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