Share Buyback Plan Authorized by Keller Group (LON:KLR) Board of Directors

Keller Group (LON:KLR) declared that its Board of Directors has authorized a stock buyback program on Monday, March 31st, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Keller Group Stock Down 0.3 %

LON KLR opened at GBX 1,376 ($17.78) on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.36 and a debt-to-equity ratio of 71.61. The firm has a market cap of £1.00 billion, a PE ratio of 7.96, a P/E/G ratio of 2.86 and a beta of 1.34. The business’s fifty day simple moving average is GBX 1,361.79 and its 200-day simple moving average is GBX 1,479.75. Keller Group has a 52 week low of GBX 1,024 ($13.23) and a 52 week high of GBX 1,704 ($22.02).

Keller Group (LON:KLR) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 204 ($2.64) earnings per share for the quarter. Keller Group had a return on equity of 23.55% and a net margin of 4.20%. As a group, equities analysts anticipate that Keller Group will post 192.5925926 earnings per share for the current year.

Keller Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 22nd will be paid a dividend of GBX 33.10 ($0.43) per share. This is a positive change from Keller Group’s previous dividend of $16.60. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 2.4%. Keller Group’s dividend payout ratio is presently 27.77%.

Insider Transactions at Keller Group

In other news, insider David Burke sold 33,773 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of GBX 1,408 ($18.19), for a total transaction of £475,523.84 ($614,371.89). Corporate insiders own 4.19% of the company’s stock.

About Keller Group

Keller Group plc provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers ground improvement services, grouting, deep foundations, earth retention, marine, and instrumentation and monitoring services, as well as post-tension systems and industrial services.