Smiths Group (LON:SMIN) Issues Earnings Results

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

Smiths Group Stock Down 0.8 %

Shares of Smiths Group stock traded down GBX 16.50 ($0.21) during trading hours on Thursday, reaching GBX 1,957.50 ($25.20). The company’s stock had a trading volume of 123,131,180 shares, compared to its average volume of 7,417,173. The company has a debt-to-equity ratio of 29.55, a quick ratio of 1.29 and a current ratio of 2.07. The stock’s fifty day simple moving average is GBX 1,990.33 and its two-hundred day simple moving average is GBX 1,803.85. The company has a market capitalization of £6.67 billion, a P/E ratio of 27.20, a P/E/G ratio of 0.35 and a beta of 0.66. Smiths Group has a one year low of GBX 1,514.66 ($19.50) and a one year high of GBX 2,188 ($28.17).

Smiths Group Increases Dividend

The firm also recently declared 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 represents a yield of 0.71%. The ex-dividend date is Thursday, April 10th. This is a positive change from Smiths Group’s previous dividend of $30.20. Smiths Group’s payout ratio is 61.13%.

Insider Buying and Selling

In related news, insider Richard Howes purchased 87 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average cost 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 currently owned by company 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.