Victorian Plumbing Group (LON:VIC) Issues Quarterly Earnings Results

Victorian Plumbing Group (LON:VIC) announced its earnings results on Tuesday. The company reported GBX 2.10 earnings per share for the quarter, Digital Look Earnings reports. Victorian Plumbing Group had a return on equity of 22.57% and a net margin of 4.21%.The business had revenue of £168.80 million for the quarter.

Victorian Plumbing Group Stock Performance

LON VIC opened at GBX 75.90 on Wednesday. Victorian Plumbing Group has a 52-week low of GBX 56.80 and a 52-week high of GBX 90. The company has a fifty day moving average of GBX 74.59 and a 200-day moving average of GBX 76.25. The company has a market capitalization of £249.20 million, a P/E ratio of 19.46, a P/E/G ratio of 0.51 and a beta of 1.14. The company has a debt-to-equity ratio of 84.32, a quick ratio of 1.05 and a current ratio of 1.25.

Insider Buying and Selling

In other Victorian Plumbing Group news, insider Daniel Barton sold 54,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of GBX 84, for a total transaction of £45,360. 48.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 115 price objective on shares of Victorian Plumbing Group in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 105.40.

About Victorian Plumbing Group

Victorian Plumbing is the UK’s leading bathroom retailer, offering a wide range of over 34,000 products to B2C and trade customers. Victorian Plumbing offers its customers a one-stop shop solution for the entire bathroom with more than 130 own and third party brands across a wide spectrum of price points.

The Group’s product design and supply chain strengths are complemented by its creative and brand-focused marketing strategy, which predominantly focuses on online channels to drive significant and growing traffic to its website.

Headquartered in Skelmersdale, the Group employs over 600 staff across ten locations in Lancashire, Manchester and Birmingham.