Persimmon (LON:PSN) Announces Quarterly Earnings Results

Persimmon (LON:PSN) issued its quarterly earnings results on Tuesday. The company reported GBX 92.10 ($1.19) earnings per share for the quarter, Digital Look Earnings reports. Persimmon had a return on equity of 7.51% and a net margin of 8.84%.

Persimmon Trading Down 2.5 %

Shares of PSN traded down GBX 29.50 ($0.38) during mid-day trading on Thursday, hitting GBX 1,164.50 ($15.10). The company had a trading volume of 7,452,038 shares, compared to its average volume of 9,912,673. Persimmon has a 1-year low of GBX 1,047 ($13.58) and a 1-year high of GBX 1,721.80 ($22.33). The business’s 50-day simple moving average is GBX 1,202.11 and its 200-day simple moving average is GBX 1,374.84. The stock has a market cap of £3.74 billion, a PE ratio of 14.58, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 4.91.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their target price on Persimmon from GBX 1,640 ($21.27) to GBX 1,520 ($19.71) and set an “overweight” rating for the company in a research note on Thursday, December 5th.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.