Vistry Group (LON:VTY) Posts Quarterly Earnings Results

Key Points

• Vistry Group reported a quarterly earnings per share (EPS) of GBX 17.60 with a net margin of 6.90% and a return on equity of 7.69%.
• The company's share price has declined by 4.2%, with analysts setting varying price targets, ranging from GBX 450 to GBX 684.
• Insider transactions indicate confidence in the company, with a significant purchase of >84,000 shares by insider Greg Fitzgerald at an average price of GBX 590.

Vistry Group (LON:VTY - Get Free Report) posted its earnings results on Wednesday. The company reported GBX 17.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%.

Vistry Group Stock Up 0.6%

LON VTY traded up GBX 3.80 on Friday, reaching GBX 589.20. The stock had a trading volume of 908,414 shares, compared to its average volume of 2,832,346. The business has a 50 day moving average price of GBX 612.77 and a 200 day moving average price of GBX 611.55. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. Vistry Group has a 1 year low of GBX 486.70 and a 1 year high of GBX 1,393. The company has a market capitalization of £1.91 billion, a price-to-earnings ratio of 2,702.75, a P/E/G ratio of -0.20 and a beta of 2.14.

Vistry Group declared that its Board of Directors has approved a share repurchase plan on Monday, August 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

VTY has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target on Vistry Group from GBX 634 to GBX 628 and set a "hold" rating for the company in a research report on Friday. Royal Bank Of Canada boosted their price objective on Vistry Group from GBX 475 to GBX 500 and gave the stock an "underperform" rating in a research note on Wednesday. UBS Group reissued a "sell" rating and issued a GBX 450 price objective on shares of Vistry Group in a research note on Friday, September 5th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Vistry Group in a research note on Thursday, July 17th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 650 target price on shares of Vistry Group in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of GBX 600.43.

Insider Activity

In related news, insider Greg Fitzgerald purchased 84,068 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of GBX 590 per share, for a total transaction of £496,001.20. In the last ninety days, insiders bought 84,139 shares of company stock worth $49,645,011. Corporate insiders own 10.61% of the company's stock.

Vistry Group Company Profile

Vistry Group is one of the UK's leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith. Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.