Persimmon (LON:PSN) Issues Quarterly Earnings Results

Persimmon (LON:PSN) issued its quarterly earnings results on Tuesday. The company reported GBX 92.10 ($1.19) earnings per share for the quarter, Digital Look Earnings reports. Persimmon had a return on equity of 7.51% and a net margin of 8.84%.

Persimmon Stock Up 2.9 %

Shares of PSN stock opened at GBX 1,204 ($15.50) on Tuesday. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. Persimmon has a fifty-two week low of GBX 1,047 ($13.48) and a fifty-two week high of GBX 1,721.80 ($22.17). The firm has a market capitalization of £3.87 billion, a PE ratio of 15.07, a P/E/G ratio of 0.83 and a beta of 1.37. The stock’s 50-day simple moving average is GBX 1,201.47 and its 200-day simple moving average is GBX 1,381.22.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their target price on shares of Persimmon from GBX 1,640 ($21.11) to GBX 1,520 ($19.57) and set an “overweight” rating on the stock in a research report on Thursday, December 5th.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.