Spire Healthcare Group (LON:SPI) Announces Quarterly Earnings Results

Key Points

• Spire Healthcare Group reported earnings of GBX 4.10 ($0.05) per share for the quarter, with a net margin of 1.96% and return on equity of 3.82%.
• Following the earnings announcement, shares declined by 2.1%, trading at GBX 213.50 ($2.82) on Friday.
• Berenberg Bank has set a new price target of GBX 280 ($3.70) on the stock, maintaining a "buy" rating.

Spire Healthcare Group (LON:SPI - Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 4.10 ($0.05) EPS for the quarter, Digital Look Earnings reports. Spire Healthcare Group had a net margin of 1.96% and a return on equity of 3.82%.

Spire Healthcare Group Stock Performance

LON SPI remained flat at GBX 207 ($2.75) during trading on Tuesday. The company's stock had a trading volume of 567,628 shares, compared to its average volume of 1,346,833. The firm has a market capitalization of £831.25 million, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The stock has a fifty day moving average price of GBX 215.68 and a 200 day moving average price of GBX 206.22. Spire Healthcare Group has a 12 month low of GBX 168.20 ($2.24) and a 12 month high of GBX 260.50 ($3.46). The company has a debt-to-equity ratio of 62.25, a quick ratio of 0.74 and a current ratio of 0.70.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price target on Spire Healthcare Group from GBX 309 ($4.11) to GBX 303 ($4.03) and set an "overweight" rating for the company in a report on Tuesday. Berenberg Bank restated a "buy" rating and issued a GBX 280 ($3.72) target price on shares of Spire Healthcare Group in a research note on Thursday, July 31st.

About Spire Healthcare Group

Spire Healthcare Group plc, together with its subsidiaries, owns and operates private hospitals and clinics. It offers various treatments in the areas of allergy and infectious diseases, blood tests, bones and joints, bowel treatments, breast screening and surgery, cancer investigations and treatments, cosmetic surgery, cyst removal, and dental surgery, as well as ear, nose, and throat treatments.