FY2022 EPS Estimates for The Weir Group PLC Reduced by Jefferies Financial Group (OTCMKTS:WEGRY)

The Weir Group PLC (OTCMKTS:WEGRYGet Rating) – Analysts at Jefferies Financial Group cut their FY2022 earnings estimates for The Weir Group in a note issued to investors on Tuesday, May 10th. Jefferies Financial Group analyst A. Douglas now expects that the company will post earnings of $0.55 per share for the year, down from their previous forecast of $0.56. Jefferies Financial Group also issued estimates for The Weir Group’s FY2023 earnings at $0.63 EPS and FY2024 earnings at $0.69 EPS.

A number of other equities research analysts have also commented on WEGRY. Morgan Stanley upped their price objective on shares of The Weir Group from GBX 2,150 ($26.51) to GBX 2,160 ($26.63) in a research note on Thursday, January 27th. Berenberg Bank cut their target price on shares of The Weir Group from GBX 2,240 ($27.62) to GBX 2,190 ($27.00) in a research note on Friday, March 18th. JPMorgan Chase & Co. increased their target price on shares of The Weir Group from GBX 1,915 ($23.61) to GBX 2,020 ($24.90) in a research note on Friday, April 29th. Zacks Investment Research lowered shares of The Weir Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Finally, HSBC raised shares of The Weir Group from a “hold” rating to a “buy” rating in a research note on Friday, March 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,706.60.

OTCMKTS:WEGRY opened at $8.91 on Wednesday. The firm’s fifty day moving average is $10.73 and its 200-day moving average is $11.43. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 0.56. The Weir Group has a 52 week low of $8.77 and a 52 week high of $14.73.

The company also recently announced a dividend, which will be paid on Thursday, June 9th. Stockholders of record on Friday, April 22nd will be issued a $0.0652 dividend. The ex-dividend date of this dividend is Thursday, April 21st. This represents a dividend yield of 1.27%.

The Weir Group Company Profile (Get Rating)

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.

Further Reading

Receive News & Ratings for The Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.