Persimmon (LON:PSN) Issues Earnings Results

Persimmon (LON:PSN) issued its quarterly earnings data on Tuesday. The company reported GBX 92.10 ($1.19) earnings per share (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 2.7 %

Shares of LON PSN opened at GBX 1,161.50 ($15.06) on Thursday. The company has a 50 day simple moving average of GBX 1,202.11 and a 200 day simple moving average of GBX 1,374.84. The firm has a market cap of £3.73 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Persimmon has a 1 year low of GBX 1,047 ($13.58) and a 1 year high of GBX 1,721.80 ($22.33). The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Persimmon from GBX 1,640 ($21.27) to GBX 1,520 ($19.71) and set an “overweight” rating for the company in a report on Thursday, December 5th.

About Persimmon

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.