Smiths Group (LON:SMIN) Announces Quarterly Earnings Results

Smiths Group (LON:SMIN) released its earnings results on Tuesday. The company reported GBX 55.50 ($0.71) earnings per share for the quarter, Digital Look Earnings reports. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%.

Smiths Group Price Performance

SMIN opened at GBX 1,962 ($25.26) on Thursday. The firm has a market cap of £6.68 billion, a PE ratio of 27.26, a P/E/G ratio of 0.35 and a beta of 0.66. The stock has a 50-day moving average price of GBX 1,990.33 and a 200-day moving average price of GBX 1,803.85. Smiths Group has a 1 year low of GBX 1,514.66 ($19.50) and a 1 year high of GBX 2,188 ($28.17). The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29.

Smiths Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th will be paid a GBX 36 ($0.46) dividend. This is a boost from Smiths Group’s previous dividend of $30.20. This represents a dividend yield of 0.71%. The ex-dividend date is Thursday, April 10th. Smiths Group’s dividend payout ratio is currently 61.13%.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Richard Howes acquired 87 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average cost of GBX 2,030 ($26.14) per share, with a total value of £1,766.10 ($2,273.85). 0.61% of the stock is owned by company insiders.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.