Balfour Beatty (LON:BBY) issued its quarterly earnings data on Wednesday. The company reported GBX 20.90 ($0.29) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 18.80 ($0.26) by GBX 2.10 ($0.03), Bloomberg Earnings reports. The company had revenue of £691.60 billion for the quarter. Balfour Beatty had a net margin of 0.40% and a return on equity of 3.68%.
Balfour Beatty (LON:BBY) opened at GBX 288.05 ($3.98) on Wednesday. Balfour Beatty has a 1-year low of GBX 252.50 ($3.49) and a 1-year high of GBX 311.70 ($4.31). The stock has a market cap of $1,950.00 and a price-to-earnings ratio of 9,601.67.
Several research firms have issued reports on BBY. Numis Securities reaffirmed a “buy” rating and issued a GBX 350 ($4.84) price target on shares of Balfour Beatty in a report on Wednesday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 350 ($4.84) price target on shares of Balfour Beatty in a report on Wednesday. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 350 ($4.84) price target on shares of Balfour Beatty in a report on Monday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 329 ($4.55).
WARNING: This story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/03/14/balfour-beatty-bby-announces-quarterly-earnings-results-beats-estimates-by-2-10-eps.html.
Balfour Beatty plc is an infrastructure company that provides maintenance, upgrade and management services in power transmission, utilities infrastructure, and road and rail. The Company operates through three segments: Construction Services segment, which is engaged in the physical construction of an asset; Support Services segment, which is engaged in supporting existing assets or functions, such as asset maintenance and refurbishment, and Infrastructure Investments segment, which is engaged in the acquisition operation and disposal of infrastructure assets, such as roads, hospitals, schools, student accommodation, military housing, waste and biomass, offshore transmission networks and other concessions.
Receive News & Ratings for Balfour Beatty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Balfour Beatty and related companies with MarketBeat.com's FREE daily email newsletter.