Volution Group (FAN) Issues Quarterly Earnings Results

Volution Group (LON:FAN) released its quarterly earnings results on Thursday. The company reported GBX 14.50 ($0.19) earnings per share for the quarter, meeting the consensus estimate of GBX 14.50 ($0.19), Digital Look Earnings reports. Volution Group had a return on equity of 8.44% and a net margin of 6.93%.

Shares of Volution Group stock opened at GBX 176.56 ($2.31) on Thursday. Volution Group has a one year low of GBX 172 ($2.25) and a one year high of GBX 224 ($2.93).

Several equities analysts have weighed in on the company. Peel Hunt restated a “hold” rating on shares of Volution Group in a report on Tuesday, July 17th. Liberum Capital restated a “buy” rating on shares of Volution Group in a report on Thursday. Numis Securities restated a “hold” rating on shares of Volution Group in a report on Friday, August 10th. Canaccord Genuity restated a “buy” rating and set a GBX 230 ($3.01) price target on shares of Volution Group in a report on Friday, July 6th. Finally, Berenberg Bank cut their price target on Volution Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set a “buy” rating for the company in a report on Friday, August 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 231.25 ($3.02).

Volution Group Company Profile

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial construction markets in the United Kingdom and internationally. The company operates through two segments, Ventilation Group and OEM (Torin-Sifan). The company's products include unitary extractor fans for use in bathrooms and kitchens; MVHR and MEV systems; rigid, semi-rigid, and flexible ducting products and accessories; mechanical heat recovery units; air handling units and fan coils; commercial ventilation products; underfloor heating, heated towel rails, radiators, and storage and panel heaters; wall, box, and tower fans, as well as portable air conditioners; hand dryers and insect killers; and sensors, controllers, and ducting products.

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