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  5. HSS Hire shares tumble after disappointing second quarter

Pin to quick picksHss Hire Share News (HSS)

Hss Hire Information

Share Price Information for Hss Hire (HSS)

London Stock Exchange
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Share Price: 8.64
Bid: 8.30
Ask: 8.98
Change: 0.00 (0.00%)
Spread: 0.68 (8.193%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 8.64
HSS Live PriceLast checked at -

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HSS Hire shares tumble after disappointing second quarter

Mon, 29th Jun 2015 10:00

Tool rental company HSS hire lost more than 20% off its share price on Monday morning after warning the market its second-quarter trading was below expectations.By 10:20 on Monday shares in the company - which only debuted on the stock market this year - were down 21.8%, trading at 142.72p.The company said in an update its performance was "marginally below expectations," caused by weakness in key accounts and reduced demand for cooling equipment."In June, we have seen customer activity begin to return to more normalised levels, with order books building into the second half of the year," the company said in a statement.N+1 Singer analyst Jamie Constable said in a note a profit warning so soon after its initial public offering is not good at all."They have put it down to cooler spring weather - ah the old weather excuse - and impact on their cooling for example, air conditioning business."Also they are blaming a temporary slowdown over the general election - you would have thought a known like the election should have already been in forecast," Constable said.Numis reduced its recommendation from 'buy' to 'add' and lowered its price target from 235p to 200p.The brokerage said it reduced its full-year revenue and earnings estimates by 4-5%, which equates to an 18% reduction at the earnings per share level.
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1 Jun 2023 15:52

UK dividends calendar - next 7 days

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27 Apr 2023 14:59

HSS Hire posts jump in full-year profits

(Sharecast News) - Tool and equipment hire company HSS Hire reported a jump in full-year profit on Thursday thanks to double digit like-for-like revenue growth and "effective price and cost management".

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27 Apr 2023 14:46

EARNINGS UPDATES: HSS Hire profit multiplies; Maintel swings to loss

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TRADING UPDATES: abrdn UK Smaller half year net asset value falls

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2 Mar 2023 09:29

HSS Hire FY adjusted EBITDA seen 'marginally ahead' of expectations

(Sharecast News) - Equipment hire business HSS Hire said on Thursday that full-year adjusted underlying earnings were now expected to be "marginally ahead" of market expectations.

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2 Mar 2023 09:29

HSS Hire FY adjusted EBITDA seen 'marginally ahead' of expectations

(Sharecast News) - Equipment hire business HSS Hire said on Thursday that full-year adjusted underlying earnings were now expected to be "marginally ahead" of market expectations.

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26 Oct 2022 15:51

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29 Sep 2022 16:14

EARNINGS SUMMARY: HSS Hire reinstates interim dividend, revenue up

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HSS Hire sees annual profit in line with market expectations

(Alliance News) - HSS Hire Group PLC on Tuesday said it anticipates 2022 profit to be in line with market expectations as it continues to "effectively" manage macroeconomic challenges.

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21 Jun 2022 10:06

HSS Hire says Q2 revenues to date up 10%

(Sharecast News) - HSS Hire on Tuesday said second quarter revenue to date was 10% above 2021 levels.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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