Pennon Group (LON:PNN) Releases Quarterly Earnings Results

Pennon Group (LON:PNN) issued its quarterly earnings results on Tuesday. The company reported GBX (10.30) (($0.14)) earnings per share for the quarter, Digital Look Earnings reports. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%.

Pennon Group Stock Down 1.0%

Shares of PNN opened at GBX 478.20 ($6.48) on Thursday. The business’s 50 day moving average is GBX 486.08 and its 200 day moving average is GBX 505.03. The company has a market capitalization of £2.22 billion, a PE ratio of -134.45, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. Pennon Group has a 12-month low of GBX 383 ($5.19) and a 12-month high of GBX 691 ($9.36). The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 341.72.

Pennon Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, April 4th. Investors of record on Thursday, January 30th were paid a dividend of GBX 14.69 ($0.20) per share. This represents a yield of 2.53%. The ex-dividend date was Thursday, January 30th. Pennon Group’s dividend payout ratio (DPR) is presently -1,715.11%.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “neutral” rating and set a GBX 497 ($6.74) price objective on shares of Pennon Group in a research report on Tuesday, February 18th.

Pennon Group Company Profile

At the top end of the FTSE250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive.