Share Buyback Program Announced by Keller Group (LON:KLR) Board

Keller Group (LON:KLR) announced that its board has initiated a share repurchase program on Monday, March 31st, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Keller Group Stock Up 2.0 %

KLR opened at GBX 1,404 ($18.15) on Wednesday. The business has a 50-day moving average of GBX 1,362.27 and a 200-day moving average of GBX 1,479.22. Keller Group has a fifty-two week low of GBX 1,024 ($13.24) and a fifty-two week high of GBX 1,704 ($22.03). The company has a market capitalization of £1.02 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 2.86 and a beta of 1.34. The company has a debt-to-equity ratio of 71.61, a current ratio of 1.36 and a quick ratio of 1.17.

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

Keller Group Increases Dividend

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

Insiders Place Their Bets

In other Keller Group news, insider David Burke sold 33,773 shares of Keller Group stock in a transaction on Monday, March 17th. The shares were sold at an average price of GBX 1,408 ($18.20), for a total transaction of £475,523.84 ($614,769.02). 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.