Crest Nicholson (CRST) Announces Quarterly Earnings Results

Crest Nicholson (LON:CRST) issued its quarterly earnings data on Tuesday. The company reported GBX 23.80 ($0.32) earnings per share for the quarter, Digital Look Earnings reports. Crest Nicholson had a net margin of 17.08% and a return on equity of 27.35%.

Shares of Crest Nicholson traded up GBX 3 ($0.04), hitting GBX 427.80 ($5.70), during midday trading on Thursday, MarketBeat reports. 1,805,244 shares of the company traded hands, compared to its average volume of 1,510,000. Crest Nicholson has a 12 month low of GBX 466.81 ($6.22) and a 12 month high of GBX 648.50 ($8.63).

The company also recently announced a dividend, which will be paid on Friday, October 5th. Shareholders of record on Thursday, September 20th will be issued a GBX 11.20 ($0.15) dividend. This represents a yield of 2.62%. The ex-dividend date of this dividend is Thursday, September 20th.

In related news, insider Stephen Stone sold 250,000 shares of Crest Nicholson stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of GBX 483 ($6.43), for a total transaction of £1,207,500 ($1,607,642.12). Also, insider Leslie Van de Walle purchased 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were bought at an average cost of GBX 421 ($5.61) per share, for a total transaction of £50,520 ($67,261.35).

Several research firms have commented on CRST. Shore Capital reissued a “buy” rating on shares of Crest Nicholson in a report on Thursday, March 8th. JPMorgan Chase & Co. decreased their target price on shares of Crest Nicholson from GBX 550 ($7.32) to GBX 500 ($6.66) and set a “neutral” rating on the stock in a report on Friday, May 18th. Peel Hunt reissued a “hold” rating on shares of Crest Nicholson in a report on Tuesday. Numis Securities decreased their target price on shares of Crest Nicholson from GBX 595 ($7.92) to GBX 493 ($6.56) and set an “add” rating on the stock in a report on Wednesday. Finally, Credit Suisse Group reissued a “buy” rating and issued a GBX 530 ($7.06) target price on shares of Crest Nicholson in a report on Tuesday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 567.44 ($7.55).

Crest Nicholson Company Profile

Crest Nicholson Holdings plc engages in builds homes in the United Kingdom. It develops apartments, houses, regeneration schemes, and garden villages; and commercial properties. The company serves first-time buyers, families, and investors. Crest Nicholson Holdings plc was founded in 1963 and is headquartered in Chertsey, the United Kingdom.

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