Spirax-Sarco Engineering (LON:SPX) Posts Earnings Results

Key Points

• Spirax-Sarco Engineering reported earnings of GBX 137.60 ($1.85) per share for the quarter, indicating a strong performance with a return on equity of 16.58% and a net margin of 11.57%.
• The company's stock opened at GBX 6,750 ($90.66) and has a market capitalization of £4.97 billion, with a P/E ratio of 25.89 and a twelve-month price range between GBX 5,380 and GBX 8,245.
• Analysts currently have a consensus rating of "Hold" for Spirax-Sarco Engineering, with target prices ranging around GBX 7,400 ($99.40) to GBX 7,516.67 ($100.96).

Spirax-Sarco Engineering (LON:SPX - Get Free Report) posted its earnings results on Tuesday. The company reported GBX 137.60 ($1.85) earnings per share for the quarter, Digital Look Earnings reports. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%.

Spirax-Sarco Engineering Stock Performance

Spirax-Sarco Engineering stock opened at GBX 6,750 ($90.66) on Tuesday. The company has a market capitalization of £4.97 billion, a P/E ratio of 25.89, a PEG ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a twelve month low of GBX 5,380 ($72.26) and a twelve month high of GBX 8,245 ($110.75). The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. The stock's 50 day moving average is GBX 6,047.19 and its 200 day moving average is GBX 6,426.87.

Analyst Ratings Changes

A number of research firms have weighed in on SPX. JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 7,400 ($99.40) target price on shares of Spirax-Sarco Engineering in a report on Wednesday, July 2nd. Shore Capital reiterated an "under review" rating on shares of Spirax-Sarco Engineering in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 7,516.67 ($100.96).

About Spirax-Sarco Engineering

Spirax-Sarco Engineering rebrands as Spirax Group On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company's evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities. Our new name respects our history and where we have come from, with who we are today.

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