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Persimmon Share Price: Is PSN a Buy or a Sell?

Persimmon’s share price has lost 17 per cent of its value since the year began. Its stock prices also did not have a great year in 2021, closing the 2021 calendar with a return on investment of less than a percentage.

Persimmon Earnings Overview

Persimmon’s final results for the year ending 2021 will be released on March 2, 2022. However, we can still use its half-year earnings of 2021, for the period ending June 30, 2021.

According to the H1 2021 earnings report, the company showed significant growth, recording revenue of £480.1m before tax. The report also indicated the company had £1.32bn cash at hand and made £2.23bn in current forward sales. Persimmon also had an impressive 91.9 percent Current customer satisfaction score.

Persimmon Dividends earning

Persimmon has a dividend yield of about 9.8 percent. The dividend yield is calculated by dividing the annual dividend payment by the prevailing share prices. The table below is a breakdown of Persimmon dividends and what to expect.

SummaryPrevious dividendNext dividend
Declaration date27 Feb 2020 (Thu)24 Feb 2022 (Thu)
Ex-div date22 Jul 2021 (Thu)10 Mar 2022 (Thu)
Pay date13 Aug 2021 (Fri)31 Mar 2022 (Thu)

Persimmon Share Price Prediction

In the past two years, persimmon has struggled to hit its pre-pandemic highs of 2019. In 2021, the company indicated that its revenue had reached £3.61 billion ($4.89 billion), a big improvement from 2020 and only 1 percent behind the 2019 revenues. The company also indicated that it struggled with the Omicron covid variant, which in the end affected their bottom line. All these factors are also likely to affect Persimmon’s future prices.

My Persimmon technical analysis price prediction also shows that the prices are likely to continue with their downward trend. Using the pitchfork indicator, as shown in the daily chart below, we can see the prices have traded closer to the middle of the indicator. Therefore, expect the prices to continue with the downward trend for the foreseeable future.

Is Persimmon a good investment?

Persimmon shares have some of the best dividend payouts in the market today. Long-term investors looking for a dividend yield of up to 9.8 percent will find Persimmon as a perfect investment opportunity. However, for short-term traders, my fundamental and technical analysis shows that prices are likely to continue with the downward trend.

Persimmon Daily Price Chart