Smiths Group (LON:SMIN) Releases Earnings Results

Smiths Group (LON:SMIN) announced its earnings results on Tuesday. The company reported GBX 55.50 ($0.71) EPS for the quarter, Digital Look Earnings reports. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%.

Smiths Group Trading Down 0.6 %

Shares of Smiths Group stock opened at GBX 1,962 ($25.26) on Thursday. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55. The firm has a market cap of £6.68 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. Smiths Group has a 52-week low of GBX 1,514.66 ($19.50) and a 52-week high of GBX 2,188 ($28.17). The company’s 50-day simple moving average is GBX 1,990.33 and its 200-day simple moving average is GBX 1,803.85.

Smiths Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th will be paid a GBX 36 ($0.46) dividend. This is a boost from Smiths Group’s previous dividend of $30.20. This represents a yield of 0.71%. The ex-dividend date is Thursday, April 10th. Smiths Group’s payout ratio is currently 61.13%.

Insider Buying and Selling at Smiths Group

In other news, insider Richard Howes purchased 87 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were acquired at an average price of GBX 2,030 ($26.14) per share, with a total value of £1,766.10 ($2,273.85). 0.61% of the stock is owned by corporate insiders.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.