Severn Trent (LON:SVT) Announces Earnings Results, Beats Estimates By $10.80 EPS

Severn Trent (LON:SVT) issued its quarterly earnings results on Wednesday. The company reported GBX 146 ($1.92) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 135.20 ($1.78) by GBX 10.80 ($0.14), Digital Look Earnings reports.

Shares of LON SVT traded down GBX 97 ($1.28) during midday trading on Friday, hitting GBX 2,371 ($31.19). 812,713 shares of the company’s stock traded hands, compared to its average volume of 1,100,000. The stock has a market capitalization of $5.64 billion and a price-to-earnings ratio of 18.94. The company has a debt-to-equity ratio of 512.27, a quick ratio of 0.65 and a current ratio of 0.67. The firm has a fifty day moving average of GBX 2,339.86 and a 200 day moving average of GBX 2,412.11. Severn Trent has a 1 year low of GBX 1,891 ($24.88) and a 1 year high of GBX 2,716 ($35.73).

The company also recently declared a dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 11th will be paid a dividend of GBX 60.05 ($0.79) per share. This is an increase from Severn Trent’s previous dividend of $40.03. This represents a dividend yield of 2.45%. The ex-dividend date is Thursday, June 11th. Severn Trent’s payout ratio is currently 76.80%.

In other Severn Trent news, insider Kevin S. Beeston purchased 809 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of GBX 2,450 ($32.23) per share, for a total transaction of £19,820.50 ($26,072.74).

Several equities analysts have recently issued reports on the company. Credit Suisse Group lifted their price target on Severn Trent from GBX 2,160 ($28.41) to GBX 2,250 ($29.60) and gave the stock a “neutral” rating in a research report on Monday, May 4th. Royal Bank of Canada upgraded shares of Severn Trent to an “outperform” rating and cut their price target for the company from GBX 2,650 ($34.86) to GBX 2,500 ($32.89) in a report on Tuesday, April 7th. JPMorgan Chase & Co. upped their price objective on Severn Trent from GBX 2,000 ($26.31) to GBX 2,550 ($33.54) and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Barclays reiterated an “equal weight” rating on shares of Severn Trent in a research note on Friday. Finally, Jefferies Financial Group decreased their price target on Severn Trent from GBX 2,320 ($30.52) to GBX 2,250 ($29.60) and set a “hold” rating for the company in a research note on Monday, April 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Severn Trent has an average rating of “Hold” and a consensus price target of GBX 2,331.80 ($30.67).

About Severn Trent

Severn Trent Plc operates as a water and sewerage company in the United Kingdom and internationally. The company operates through two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment provides water and sewerage services to approximately 4.3 million households and businesses in the Midlands and mid-Wales.

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