Somero Enterprises Inc. (DI) (SOM)

Sector:

Engineering

Index:

FTSE AIM All-Share

 540.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 560.00
  • 52 Week Low: 231.00
  • Currency: UK Pounds
  • Shares Issued: 56.11m
  • Volume: 823,531
  • Market Cap: £303.01m
  • RiskGrade: 192

Somero expects to exceed FY guidance on strong US trading momentum

By Iain Gilbert

Date: Thursday 06 May 2021

LONDON (ShareCast) - (Sharecast News) - Laser-guided machinery manufacturer Somero Enterprises said on Thursday that it now expects to exceed previous full-year guidance as a result of "stronger than anticipated" trading momentum in the US during the first four months of the year.
Somero said previous guidance indicated revenues were expected to grow in the "single mid-digit percentage range" to approximately $100.0m, while adjusted underlying earnings were projected to grow "modestly" to roughly $31.0m.

The AIM-listed group said 2021 trading momentum in the US reflected an active market and "healthy sales" across its product portfolio, with a "particularly good" performance in the boomed screed category.

Despite the lingering effects of Covid-19 restrictions, Somero added that an early positive 2021 performance in Europe and Australia supported its expectation for "meaningful contributions" to growth from both regions in 2021.

"The company continues to work on a pipeline of new products targeted to expand the company's addressable market and anticipates release of an additional new product before the end of 2021," said Somero.

As of 1020 BST, Somero shares were up 11.72% at 471.44p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SOM Market Data

Currency UK Pounds
Share Price 540.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 560.00
52 Week Low 231.00
Volume 823,531
Shares Issued 56.11m
Market Cap £303.01m
RiskGrade 192

SOM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.24% above the market average75.24% above the market average75.24% above the market average75.24% above the market average75.24% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Price Trend
93.36% above the market average93.36% above the market average93.36% above the market average93.36% above the market average93.36% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
72.56% above the market average72.56% above the market average72.56% above the market average72.56% above the market average72.56% above the market average
78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average
Growth
6.23% below the market average6.23% below the market average6.23% below the market average6.23% below the market average6.23% below the market average
37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SOM Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Sep-21 08-Apr-21
Paid 22-Oct-21 30-Apr-21
Amount 9.00¢ 12.81¢

Trades for 24-Sep-2021

Time Volume / Share Price
12:12 180,000 @ 540.00p
12:12 180,000 @ 540.00p
12:13 50,000 @ 540.00p
12:13 50,000 @ 540.00p
12:13 145,000 @ 540.00p

SOM Key Personnel

CEO Jack Cooney
CFO John Yuncza

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