Speedy Hire (LON:SDY) Posts Quarterly Earnings Results

Speedy Hire (LON:SDY) issued its quarterly earnings data on Wednesday. The company reported GBX (1.28) earnings per share for the quarter, Digital Look Earnings reports. Speedy Hire had a return on equity of 1.51% and a net margin of 0.64%.

Speedy Hire Stock Performance

LON:SDY opened at GBX 26.90 on Wednesday. The stock has a 50-day moving average price of GBX 26.20 and a 200 day moving average price of GBX 27.06. The stock has a market capitalization of £123.86 million, a P/E ratio of -112.07, a P/E/G ratio of 0.21 and a beta of 1.25. Speedy Hire has a 12-month low of GBX 17.62 and a 12-month high of GBX 33.70. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their target price on shares of Speedy Hire from GBX 60 to GBX 79 and gave the company a “buy” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 79.

Insiders Place Their Bets

In related news, insider David N. C. Garman bought 200,000 shares of the stock in a transaction dated Wednesday, October 8th. The shares were purchased at an average price of GBX 29 per share, with a total value of £58,000. Also, insider David J. B. Shearer bought 250,000 shares of the stock in a transaction dated Monday, October 6th. The stock was bought at an average cost of GBX 28 per share, for a total transaction of £70,000. Over the last quarter, insiders have acquired 550,500 shares of company stock valued at $15,704,000. 2.38% of the stock is owned by company insiders.

About Speedy Hire

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.