Spectris (LON:SXS) Releases Earnings Results

Key Points

• Spectris reported quarterly earnings of GBX 38.40 ($0.52) per share, with a net margin of 20.44% and a return on equity of 20.13%.
• Shares opened at GBX 4,160 ($55.94) after hitting a 12-month low of GBX 1,877 ($25.24) and a high of GBX 4,170 ($56.08).
• Shore Capital reissued a "buy" rating on Spectris shares, indicating positive expectations for the company's performance.

Spectris (LON:SXS - Get Free Report) posted its quarterly earnings data on Thursday. The company reported GBX 38.40 ($0.52) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Spectris had a return on equity of 20.13% and a net margin of 20.44%.

Spectris Price Performance

SXS stock traded up GBX 6 ($0.08) during mid-day trading on Friday, hitting GBX 4,166 ($56.03). 1,257,244 shares of the stock were exchanged, compared to its average volume of 1,077,141. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The business has a fifty day moving average price of GBX 3,641.43 and a 200 day moving average price of GBX 2,840.53. Spectris has a 12 month low of GBX 1,877 ($25.25) and a 12 month high of GBX 4,170 ($56.09). The stock has a market capitalization of £4.15 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.74 and a beta of 0.61.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "buy" rating on shares of Spectris in a research note on Wednesday, July 2nd.

About Spectris

The experts in providing insight through precision measurement. Our purpose is to deliver value beyond measure – going beyond just the measurement. Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software. Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently. This equips them with the ability to reduce time to market, improve processes, quality and yield.