Renew (LON:RNWH) Releases Quarterly Earnings Results, Beats Estimates By $1.30 EPS

Renew (LON:RNWH) issued its quarterly earnings data on Tuesday. The company reported GBX 40.40 ($0.53) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 39.10 ($0.51) by GBX 1.30 ($0.02), Digital Look Earnings reports.

RNWH stock opened at GBX 408 ($5.33) on Wednesday. The stock has a market capitalization of $309.60 million and a P/E ratio of 15.11. The company has a debt-to-equity ratio of 37.90, a quick ratio of 0.71 and a current ratio of 0.72. Renew has a one year low of GBX 330 ($4.31) and a one year high of GBX 438 ($5.72). The company has a 50 day moving average price of GBX 380.94 and a two-hundred day moving average price of GBX 397.05.

The company also recently announced a dividend, which will be paid on Friday, March 6th. Shareholders of record on Thursday, January 30th will be paid a GBX 7.67 ($0.10) dividend. This is a boost from Renew’s previous dividend of $3.83. This represents a yield of 1.92%. The ex-dividend date of this dividend is Thursday, January 30th. Renew’s payout ratio is presently 0.37%.

In other news, insider Sean Wyndham-Quin bought 2,725 shares of the stock in a transaction on Friday, October 18th. The stock was purchased at an average cost of GBX 367 ($4.80) per share, with a total value of £10,000.75 ($13,067.75).

RNWH has been the subject of several research reports. Liberum Capital restated a “hold” rating on shares of Renew in a research report on Tuesday. Peel Hunt restated a “buy” rating and set a GBX 500 ($6.53) price objective on shares of Renew in a research report on Tuesday, October 1st. Shore Capital restated a “buy” rating on shares of Renew in a research report on Tuesday. Finally, Peel Hunt restated a “buy” rating on shares of Renew in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Renew has an average rating of “Buy” and a consensus price target of GBX 465 ($6.08).

Renew Company Profile

Renew Holdings plc provides multidisciplinary engineering services to the energy, environmental, infrastructure, and specialist building sectors in the United Kingdom. Its services in the energy sector include operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering; nuclear decommissioning and decontamination; and specialist fabrication and manufacturing.

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