Morgan Sindall (MGNS) met its optimistic update statements by reporting strong earnings and cash last year; operating profit grew 26% and year-end net cash was over £209m, with average daily cash of £25m. The company delivered EPS of 84.7p, well ahead of consensus estimates, which were around 78p. The company has set medium-term targets which, if achieved, could see EPS approach 150p, on a three-year view. That is based on £100m of operating profit versus £48.4m in 201
01 Mar 2017
Confidence restored, earnings growth ahead
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Confidence restored, earnings growth ahead
Morgan Sindall Group plc (MGNS:LON) | 2,228 400.9 0.8% | Mkt Cap: 1,055m
- Published:
01 Mar 2017 -
Author:
Stephen Rawlinson -
Pages:
2
Morgan Sindall (MGNS) met its optimistic update statements by reporting strong earnings and cash last year; operating profit grew 26% and year-end net cash was over £209m, with average daily cash of £25m. The company delivered EPS of 84.7p, well ahead of consensus estimates, which were around 78p. The company has set medium-term targets which, if achieved, could see EPS approach 150p, on a three-year view. That is based on £100m of operating profit versus £48.4m in 201