|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.01 - 22.18|
|52 Week Range||14.70 - 22.20|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||23.79|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
Swedish building group Skanska's efforts to improve margins are on track, it said on Wednesday as it reported better than expected second-quarter operating profit. Skanska, the Nordic region's largest builder and one of the biggest in the United States, said its markets were positive overall but slightly lowered its outlook for the civil market in Sweden and the UK while sticking to previous guidance for other market segments. "In the UK the uncertainty related to Brexit is limiting investments in the non-residential building market and also impacting the civil market negatively," Skanska said.
Sweden's Skanska does not expect to hit an operating margin target for its construction business this year or next, sending its shares down nearly 3 percent on Wednesday. The Nordic region's biggest building firm, which is also one of the largest in the United States, is restructuring its construction division due to weak profitability and project writedowns, mainly in Poland and the United States. The construction division, which accounts for the bulk of Skanska's group sales, last achieved the target of at least 3.5 percent in 2014 and in 2018 managed just 0.7 percent.
Swedish builder Skanska surprised investors with a proposal to cut its dividend on Friday, sending its shares lower despite a jump in fourth quarter operating profit. The dividend cut will help fund further expansion of the company's residential and commercial property development operations, which have grown at a rapid rate in recent years to account for more than three quarters of profit, it said. Property development involves a greater risk for the builder, but offers higher profits than construction ordered by a client.