SEGRO (LON:SGRO) Releases Quarterly Earnings Results

Key Points

• SEGRO reported a quarterly earnings per share (EPS) of GBX 18.10 ($0.24), with a negative net margin of 1.36% and a return on equity of -0.09%.
• Analysts have given SEGRO an average rating of "Moderate Buy" with a target price of GBX 993.25 ($13.12), reflecting varying sentiments among research firms.
• The stock opened at GBX 634 ($8.38), displaying a significant range within the last year, reaching a low of GBX 586.85 ($7.75) and a high of GBX 944 ($12.47).

SEGRO (LON:SGRO - Get Free Report) issued its quarterly earnings results on Thursday. The real estate investment trust reported GBX 18.10 ($0.24) EPS for the quarter, Digital Look Earnings reports. SEGRO had a negative net margin of 1.36% and a negative return on equity of 0.09%.

SEGRO Trading Up 0.9%

Shares of SGRO stock traded up GBX 6 ($0.08) during mid-day trading on Tuesday, hitting GBX 649.20 ($8.63). The company's stock had a trading volume of 13,168,136 shares, compared to its average volume of 7,620,446. SEGRO has a 52 week low of GBX 586.85 ($7.80) and a 52 week high of GBX 913.40 ($12.14). The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. The company's fifty day simple moving average is GBX 674.66 and its 200-day simple moving average is GBX 683.46. The company has a market cap of £8.72 billion, a PE ratio of -842.11, a P/E/G ratio of 2.12 and a beta of 0.79.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SGRO shares. Shore Capital reissued a "buy" rating on shares of SEGRO in a report on Thursday, July 31st. Jefferies Financial Group reduced their price objective on shares of SEGRO from GBX 693 ($9.21) to GBX 677 ($9.00) and set a "hold" rating for the company in a research report on Tuesday. Citigroup dropped their price objective on shares of SEGRO from GBX 1,102 ($14.65) to GBX 1,053 ($14.00) and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of SEGRO in a report on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 930 ($12.36).

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and industrial property.