Persimmon (LON:PSN) Announces Earnings Results

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

Persimmon Stock Down 2.5 %

Shares of PSN stock traded down GBX 29.50 ($0.38) during trading hours on Thursday, reaching GBX 1,164.50 ($15.10). The company had a trading volume of 7,452,038 shares, compared to its average volume of 9,912,673. The company has a market capitalization of £3.74 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. 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 twelve month low of GBX 1,047 ($13.58) and a twelve month high of GBX 1,721.80 ($22.33). The stock’s fifty day simple moving average is GBX 1,202.11 and its 200 day simple moving average is GBX 1,374.84.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on shares of Persimmon from GBX 1,640 ($21.27) to GBX 1,520 ($19.71) and set an “overweight” rating on the stock in a research note 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.