Renew (LON:RNWH) Releases Earnings Results, Beats Estimates By $1.30 EPS

Renew (LON:RNWH) released its quarterly earnings results on Tuesday. The company reported GBX 40.40 ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 39.10 ($0.51) by GBX 1.30 ($0.02), Digital Look Earnings reports.

RNWH traded down GBX 10 ($0.13) during trading on Thursday, hitting GBX 394 ($5.15). The stock had a trading volume of 74,994 shares, compared to its average volume of 82,591. The firm has a market cap of $296.80 million and a PE ratio of 14.59. Renew has a 12 month low of GBX 330 ($4.31) and a 12 month high of GBX 438 ($5.72). The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 37.90. The company has a 50 day simple moving average of GBX 381.30 and a 200-day simple moving average of GBX 397.07.

The company also recently announced a dividend, which will be paid on Friday, March 6th. Investors of record on Thursday, January 30th will be issued a GBX 7.67 ($0.10) dividend. This represents a yield of 1.92%. The ex-dividend date is Thursday, January 30th. This is an increase from Renew’s previous dividend of $3.83. Renew’s dividend payout ratio (DPR) is 0.37%.

In other news, insider Sean Wyndham-Quin bought 2,725 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of GBX 367 ($4.80) per share, for a total transaction of £10,000.75 ($13,067.75).

A number of research firms have recently weighed in on RNWH. Peel Hunt restated a “buy” rating and set a GBX 500 ($6.53) price target on shares of Renew in a report on Tuesday, October 1st. Peel Hunt restated a “buy” rating on shares of Renew in a report on Tuesday. Liberum Capital restated a “hold” rating on shares of Renew in a report on Tuesday. Finally, Shore Capital reiterated a “buy” rating on shares of Renew in a report on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Renew has a consensus rating of “Buy” and a consensus target price of GBX 453.33 ($5.92).

About Renew

Renew Holdings plc provides multidisciplinary engineering services to the energy, environmental, infrastructure, and specialist building sectors in the United Kingdom. Its services in the energy sector include operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering; nuclear decommissioning and decontamination; and specialist fabrication and manufacturing.

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