Smiths Group (LON:SMIN) Announces Quarterly Earnings Results

Smiths Group (LON:SMIN) announced its earnings results on Tuesday. The company reported GBX 55.50 ($0.71) earnings per share 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 Stock Down 1.0 %

SMIN stock traded down GBX 20 ($0.26) during trading on Thursday, hitting GBX 1,954 ($25.16). 733,406 shares of the stock traded hands, compared to its average volume of 5,410,525. The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29. The stock has a market cap of £6.66 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. Smiths Group has a 1 year low of GBX 1,514.66 ($19.50) and a 1 year high of GBX 2,188 ($28.17). The firm’s 50 day moving average is GBX 1,990.33 and its two-hundred day moving average is GBX 1,803.85.

Smiths Group Increases Dividend

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

Insider Transactions at Smiths Group

In related news, insider Richard Howes purchased 87 shares of Smiths Group stock in a transaction dated Monday, February 3rd. The stock was purchased at an average cost of GBX 2,030 ($26.14) per share, for a total transaction of £1,766.10 ($2,273.85). Company insiders own 0.61% of the company’s stock.

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.