United Utilities Group (LON:UU) Issues Earnings Results

United Utilities Group (LON:UU) issued its earnings results on Thursday. The company reported GBX 56.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports. United Utilities Group had a net margin of 22.43% and a return on equity of 27.72%. The company had revenue of GBX 146.20 billion during the quarter.

United Utilities Group Price Performance

Shares of LON UU traded down GBX 2 on Thursday, hitting GBX 1,540. The company’s stock had a trading volume of 1,200,014 shares, compared to its average volume of 328,047. The company has a 50-day simple moving average of GBX 1,436.08 and a 200 day simple moving average of GBX 1,367.81. The stock has a market cap of £10.55 billion, a P/E ratio of 83.13, a price-to-earnings-growth ratio of 0.69 and a beta of 0.58. The company has a debt-to-equity ratio of 512.65, a current ratio of 2.55 and a quick ratio of 1.13.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 1,350 price target on shares of United Utilities Group in a research note on Thursday. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, United Utilities Group presently has a consensus rating of “Hold” and a consensus target price of GBX 1,448.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes. United Utilities Group PLC was incorporated in 2008 and is based in Warrington, the United Kingdom.