Speedy Hire (LON:SDY) Issues Earnings Results, Beats Estimates By $0.14 EPS

Speedy Hire (LON:SDY) released its quarterly earnings data on Tuesday. The company reported GBX 5.54 ($0.07) EPS for the quarter, beating analysts’ consensus estimates of GBX 5.40 ($0.07) by GBX 0.14 ($0.00), Digital Look Earnings reports.

Shares of LON SDY traded up GBX 4 ($0.05) during midday trading on Tuesday, reaching GBX 59.80 ($0.76). 649,597 shares of the company were exchanged, compared to its average volume of 453,619. The company has a current ratio of 1.03, a quick ratio of 0.95 and a debt-to-equity ratio of 79.16. Speedy Hire has a 1 year low of GBX 34.60 ($0.44) and a 1 year high of GBX 88 ($1.12). The stock has a fifty day simple moving average of GBX 56.37 and a 200 day simple moving average of GBX 65.48. The stock has a market cap of $292.91 million and a P/E ratio of 12.72.

Several analysts have recently issued reports on the company. Peel Hunt increased their price objective on Speedy Hire from GBX 60 ($0.76) to GBX 65 ($0.83) and gave the company a “buy” rating in a research note on Tuesday. Liberum Capital reaffirmed a “buy” rating on shares of Speedy Hire in a report on Tuesday.

Speedy Hire Company Profile

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom, Ireland, the United Arab Emirates, and internationally. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.

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