Travis Perkins (TPK) Posts Earnings Results, Beats Estimates By $0.60 EPS

Travis Perkins (LON:TPK) issued its quarterly earnings data on Tuesday. The company reported GBX 53.50 ($0.70) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 52.90 ($0.70) by GBX 0.60 ($0.01), Bloomberg Earnings reports. Travis Perkins had a return on equity of 6.95% and a net margin of 3.07%.

Travis Perkins traded down GBX 36 ($0.47), hitting GBX 1,133 ($14.89), during trading hours on Thursday, according to Marketbeat. 2,521,921 shares of the company’s stock were exchanged, compared to its average volume of 1,660,000. Travis Perkins has a 1-year low of GBX 1,233.50 ($16.21) and a 1-year high of GBX 1,709 ($22.45).

The firm also recently announced a dividend, which will be paid on Friday, November 9th. Investors of record on Thursday, October 4th will be paid a dividend of GBX 15.50 ($0.20) per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a yield of 1.31%.

A number of equities analysts have recently issued reports on TPK shares. Canaccord Genuity restated a “hold” rating and set a GBX 1,420 ($18.66) price objective on shares of Travis Perkins in a research report on Friday, May 25th. Deutsche Bank restated a “buy” rating and set a GBX 1,645 ($21.61) price objective on shares of Travis Perkins in a research report on Thursday, July 12th. BNP Paribas started coverage on Travis Perkins in a research report on Thursday, April 5th. They set an “outperform” rating for the company. Liberum Capital restated a “buy” rating and set a GBX 1,525 ($20.04) price objective on shares of Travis Perkins in a research report on Monday, April 16th. Finally, Numis Securities restated a “hold” rating and set a GBX 1,330 ($17.47) price objective on shares of Travis Perkins in a research report on Wednesday, April 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 1,419.82 ($18.65).

In related news, insider Tony Buffin sold 19,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of GBX 1,306 ($17.16), for a total transaction of £257,282 ($338,039.68). Also, insider Coline McConville bought 75 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were acquired at an average cost of GBX 1,192 ($15.66) per share, with a total value of £894 ($1,174.62). Insiders have purchased 261 shares of company stock valued at $347,844 in the last ninety days.

Travis Perkins Company Profile

Travis Perkins plc operates as a builder's merchant and home improvement product retailer in the United Kingdom. The company's General Merchanting division supplies building materials for various types of repair, maintenance, and improvement projects, as well as new residential and commercial constructions.

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