Travis Perkins (LON:TPK) Announces Earnings Results

Key Points

• Travis Perkins reported earnings of GBX 13.30 ($0.18) per share for the latest quarter, with a negative net margin of 0.37%.
• The company's stock price increased by 7.1%, closing at GBX 573 ($7.62) during midday trading.
• Berenberg Bank set a price target of GBX 650 ($8.64) for Travis Perkins, maintaining a "hold" rating on the stock.

Travis Perkins (LON:TPK - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 13.30 ($0.18) earnings per share for the quarter, Digital Look Earnings reports. Travis Perkins had a negative return on equity of 0.85% and a negative net margin of 0.37%.

Travis Perkins Price Performance

TPK stock opened at GBX 581.50 ($7.77) on Thursday. Travis Perkins has a 52-week low of GBX 477.37 ($6.38) and a 52-week high of GBX 964 ($12.88). The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. The stock has a market cap of £1.23 billion, a price-to-earnings ratio of -70.40, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The business has a fifty day moving average of GBX 595.28 and a two-hundred day moving average of GBX 602.89.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TPK shares. JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 670 ($8.95) target price on shares of Travis Perkins in a research note on Wednesday. Berenberg Bank restated a "hold" rating and set a GBX 650 ($8.68) target price on shares of Travis Perkins in a research report on Thursday, May 1st.

About Travis Perkins

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions.