Vesuvius (LON:VSVS) Announces Quarterly Earnings Results

Key Points

• Vesuvius reported quarterly earnings of GBX 17.10 ($0.23) per share, with a net margin of 5.56% and a return on equity of 8.49%.
• The company's stock opened at GBX 352.12 ($4.74) and has a market capitalization of £900.28 million.
• Analysts have reduced their price targets for Vesuvius, with Berenberg Bank lowering it to GBX 430 ($5.78) and JPMorgan Chase down to GBX 330 ($4.44).

Vesuvius (LON:VSVS - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX 17.10 ($0.23) EPS for the quarter, Digital Look Earnings reports. Vesuvius had a return on equity of 8.49% and a net margin of 5.56%.

Vesuvius Stock Performance

VSVS stock traded up GBX 7.40 ($0.10) on Tuesday, reaching GBX 362.40 ($4.87). The company's stock had a trading volume of 213,732 shares, compared to its average volume of 837,484. Vesuvius has a 52 week low of GBX 310.80 ($4.17) and a 52 week high of GBX 445.50 ($5.98). The company has a market capitalization of £926.57 million, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 0.57 and a beta of 1.20. The firm has a fifty day moving average of GBX 374.43 and a two-hundred day moving average of GBX 375.38. The company has a debt-to-equity ratio of 41.62, a current ratio of 1.57 and a quick ratio of 1.20.

Analyst Ratings Changes

Several brokerages recently issued reports on VSVS. JPMorgan Chase & Co. reduced their price objective on Vesuvius from GBX 380 ($5.10) to GBX 330 ($4.43) and set a "neutral" rating for the company in a report on Friday, July 25th. Berenberg Bank cut their price target on Vesuvius from GBX 470 ($6.31) to GBX 430 ($5.78) and set a "buy" rating for the company in a report on Thursday, July 24th.

Vesuvius Company Profile

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.