Harworth Group (LON:HWG) Announces Quarterly Earnings Results, Misses Estimates By $3.70 EPS

Harworth Group (LON:HWG) issued its quarterly earnings results on Tuesday. The company reported GBX 7.90 ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 11.60 ($0.15) by GBX (3.70) (($0.05)), Bloomberg Earnings reports.

HWG stock traded up GBX 6 ($0.08) during midday trading on Thursday, reaching GBX 99 ($1.30). The stock had a trading volume of 21,399 shares, compared to its average volume of 78,431. Harworth Group has a 52-week low of GBX 90 ($1.18) and a 52-week high of GBX 160.23 ($2.11). The company has a current ratio of 4.48, a quick ratio of 1.08 and a debt-to-equity ratio of 14.38. The company has a market cap of $318.69 million and a price-to-earnings ratio of 7.39. The company’s fifty day simple moving average is GBX 138.54 and its 200 day simple moving average is GBX 132.

The firm also recently announced a dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, April 30th will be given a dividend of GBX 0.70 ($0.01) per share. This is a positive change from Harworth Group’s previous dividend of $0.30. The ex-dividend date of this dividend is Thursday, April 30th. This represents a dividend yield of 0.78%. Harworth Group’s dividend payout ratio (DPR) is 0.07%.

Several equities research analysts have commented on the company. Peel Hunt restated a “buy” rating on shares of Harworth Group in a research report on Tuesday. Liberum Capital restated a “buy” rating on shares of Harworth Group in a research report on Tuesday.

About Harworth Group

Harworth Group plc operates as a brownfield land developer and regeneration company in the North of England and the Midlands. The company operates through two segments, Income Generation and Capital Growth. The Income Generation segment focuses on generating rental returns from the business space portfolio; rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio; and income generating streams from recycled aggregates and secondary coal products.

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