Bakkavor Group (LON:BAKK) Announces Quarterly Earnings Results

Key Points

• Bakkavor Group reported a quarterly earnings of GBX 6.40 per share, with a net margin of 2.86% and a return on equity of 10.43%.
• The company's shares are trading at GBX 224.50, down 1.5%, with a market capitalization of £1.29 billion.
• Bakkavor is a leading provider of fresh prepared food in the UK, actively expanding in the US and China, offering a range of over 3,000 products.

Bakkavor Group (LON:BAKK - Get Free Report) announced its earnings results on Wednesday. The company reported GBX 6.40 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Bakkavor Group had a return on equity of 10.43% and a net margin of 2.86%.

Bakkavor Group Stock Performance

Bakkavor Group stock traded up GBX 1.50 during mid-day trading on Friday, reaching GBX 223. 8,321,058 shares of the company were exchanged, compared to its average volume of 1,105,679. Bakkavor Group has a twelve month low of GBX 123.50 and a twelve month high of GBX 250. The firm's 50-day simple moving average is GBX 229.41 and its two-hundred day simple moving average is GBX 199.84. The company has a debt-to-equity ratio of 53.92, a quick ratio of 0.43 and a current ratio of 0.62. The firm has a market cap of £1.28 billion, a PE ratio of 2,347.37, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63.

About Bakkavor Group

We are the leading provider of fresh prepared food in the UK, and our presence in the US positions the Group well in this high-growth market. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 14,900 colleagues operate from 31 sites in our two markets supplying a portfolio of c.2,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US.