Synthomer (LON:SYNT) Releases Quarterly Earnings Results

Key Points

• Synthomer reported a negative quarterly EPS of GBX 5.40 ($0.07) with a net margin of -4.40% and return on equity of -7.52%.
• The company's stock price has dropped 19.8%, trading at GBX 63.20 ($0.84) with a significant volume increase during trading.
• Notable insider trading includes purchases by Lily Liu and Janet E. Ashdown, indicating a strong insider ownership of 28.00%.

Synthomer (LON:SYNT - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX (5.40) (($0.07)) EPS for the quarter, Digital Look Earnings reports. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%.

Synthomer Trading Up 0.3%

Synthomer stock opened at GBX 63.20 ($0.84) on Thursday. Synthomer has a 12-month low of GBX 61 ($0.81) and a 12-month high of GBX 266 ($3.55). The firm has a market capitalization of £103.63 million, a price-to-earnings ratio of -1.27, a P/E/G ratio of -0.17 and a beta of 1.79. The firm has a 50 day moving average of GBX 101.36 and a 200 day moving average of GBX 110.56. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27.

Insiders Place Their Bets

In other news, insider Jonathan Silver acquired 59,229 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average cost of GBX 65 ($0.87) per share, for a total transaction of £38,498.85 ($51,427.80). Also, insider Janet E. Ashdown bought 19,920 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was purchased at an average cost of GBX 99 ($1.32) per share, with a total value of £19,720.80 ($26,343.57). Insiders bought a total of 99,149 shares of company stock worth $7,101,965 over the last three months. 28.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Jefferies Financial Group restated a "hold" rating and set a GBX 100 ($1.34) price objective on shares of Synthomer in a research report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on Synthomer from GBX 140 ($1.87) to GBX 115 ($1.54) and set a "hold" rating on the stock in a research note on Wednesday, July 30th.

About Synthomer

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide. Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.