Volution Group (FAN) Releases Earnings Results, Meets Expectations

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Volution Group (LON:FAN) issued its quarterly earnings results on Thursday. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of GBX 14.50 ($0.19), Digital Look Earnings reports. Volution Group had a return on equity of 8.44% and a net margin of 6.93%.

Shares of FAN stock opened at GBX 176.56 ($2.31) on Thursday. Volution Group has a 52-week low of GBX 172 ($2.25) and a 52-week high of GBX 224 ($2.93).

FAN has been the subject of a number of research analyst reports. Liberum Capital reissued a “buy” rating on shares of Volution Group in a research note on Tuesday, July 17th. Canaccord Genuity reissued a “buy” rating and set a GBX 230 ($3.01) price target on shares of Volution Group in a research note on Friday, July 6th. Berenberg Bank decreased their price target on Volution Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set a “buy” rating for the company in a research note on Friday, August 10th. Peel Hunt reissued a “hold” rating on shares of Volution Group in a research note on Thursday. Finally, Numis Securities reissued a “hold” rating on shares of Volution Group in a research note on Friday, August 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Volution Group currently has an average rating of “Buy” and a consensus price target of GBX 231.25 ($3.02).

About Volution Group

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial construction markets in the United Kingdom and internationally. The company operates through two segments, Ventilation Group and OEM (Torin-Sifan). The company's products include unitary extractor fans for use in bathrooms and kitchens; MVHR and MEV systems; rigid, semi-rigid, and flexible ducting products and accessories; mechanical heat recovery units; air handling units and fan coils; commercial ventilation products; underfloor heating, heated towel rails, radiators, and storage and panel heaters; wall, box, and tower fans, as well as portable air conditioners; hand dryers and insect killers; and sensors, controllers, and ducting products.

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