Severfield (LON:SFR) Releases Earnings Results

Severfield (LON:SFR) released its earnings results on Tuesday. The company reported GBX 2.27 ($0.03) earnings per share for the quarter, Digital Look Earnings reports.

Severfield stock opened at GBX 73.90 ($0.97) on Thursday. The company has a 50-day simple moving average of GBX 75.27 and a 200-day simple moving average of GBX 70.57. The firm has a market capitalization of $226.07 million and a P/E ratio of 11.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 1.57. Severfield has a one year low of GBX 60.26 ($0.79) and a one year high of GBX 78 ($1.02).

The company also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 12th will be given a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 1.48%. Severfield’s dividend payout ratio is currently 0.45%.

A number of equities research analysts have recently weighed in on SFR shares. Peel Hunt reissued a “buy” rating on shares of Severfield in a research note on Tuesday. Peel Hunt reissued a “buy” rating and issued a GBX 100 ($1.31) target price on shares of Severfield in a research note on Tuesday, October 1st. Finally, Jefferies Financial Group boosted their target price on shares of Severfield from GBX 98 ($1.28) to GBX 103 ($1.35) and gave the stock a “buy” rating in a research report on Friday, October 25th.

About Severfield

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Mainland Europe, and internationally. It manufactures metal decking products; composite metal flooring products; and steel and plated beams, steel sections, steelwork products, and intumescent coatings.

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