Persimmon (LON:PSN) Issues Earnings Results

Persimmon (LON:PSN) announced its quarterly earnings results 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 Price Performance

Persimmon stock opened at GBX 1,194 ($15.46) on Wednesday. Persimmon has a 12-month low of GBX 1,047 ($13.56) and a 12-month high of GBX 1,721.80 ($22.29). The stock has a market cap of £3.84 billion, a P/E ratio of 14.95, a PEG ratio of 0.83 and a beta of 1.37. The company has a 50-day moving average price of GBX 1,202.19 and a 200 day moving average price of GBX 1,378.08. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on shares of Persimmon from GBX 1,640 ($21.23) to GBX 1,520 ($19.68) and set an “overweight” rating for the company 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.