Victrex (LON:VCT) Issues Quarterly Earnings Results

Victrex (LON:VCT) announced its earnings results on Monday. The company reported GBX 22.60 ($0.30) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Victrex had a net margin of 10.81% and a return on equity of 6.67%.

Victrex Stock Performance

LON:VCT opened at GBX 865 ($11.49) on Monday. The stock has a 50-day simple moving average of GBX 871.91 and a two-hundred day simple moving average of GBX 939.82. Victrex has a 52-week low of GBX 706 ($9.38) and a 52-week high of GBX 1,368 ($18.18). The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.99 and a current ratio of 4.39. The firm has a market capitalization of £754.56 million, a PE ratio of 24.58, a P/E/G ratio of 1.92 and a beta of 0.69.

Victrex Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd were given a dividend of GBX 46.14 ($0.61) per share. This is an increase from Victrex’s previous dividend of $13.42. The ex-dividend date was Thursday, January 23rd. This represents a dividend yield of 5.26%. Victrex’s payout ratio is presently 170.47%.

Insider Activity at Victrex

In other news, insider Urmi Prasad Richardson bought 100 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price of GBX 958 ($12.73) per share, with a total value of £958 ($1,272.92). 1.64% of the stock is currently owned by corporate insiders.

About Victrex

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.