Bloomsbury Publishing (LON:BMY) Posts Quarterly Earnings Results

Key Points

• Bloomsbury Publishing reported earnings of GBX 23.14 per share for the quarter, with a return on equity of 18.62% and a net margin of 9.77%.
• Shares traded up 3.3%, reaching GBX 504, with a significant trading volume of over 6.5 million shares.
• Brokerages like Peel Hunt and Berenberg Bank have reaffirmed a "buy" rating for the stock, setting target prices of GBX 815 and GBX 825, respectively.

Bloomsbury Publishing (LON:BMY - Get Free Report) issued its earnings results on Thursday. The company reported GBX 23.14 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Bloomsbury Publishing had a return on equity of 18.62% and a net margin of 9.77%.

Bloomsbury Publishing Trading Up 3.3%

Shares of LON BMY traded up GBX 16 during trading hours on Thursday, reaching GBX 504. The stock had a trading volume of 6,564,408 shares, compared to its average volume of 397,906. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 15.10. The firm has a market cap of £410.24 million, a price-to-earnings ratio of 16.41 and a beta of 0.66. The business's fifty day moving average price is GBX 485.56 and its two-hundred day moving average price is GBX 517.78. Bloomsbury Publishing has a 52-week low of GBX 460 and a 52-week high of GBX 766.

Insider Transactions at Bloomsbury Publishing

In other news, insider Leslie-Ann Reed purchased 16,938 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of GBX 472 per share, for a total transaction of £79,947.36. Also, insider Penny Scott-Bayfield sold 33,185 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of GBX 476, for a total value of £157,960.60. Insiders have bought a total of 48,915 shares of company stock worth $23,401,003 over the last three months. Company insiders own 3.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BMY. Peel Hunt reaffirmed a "buy" rating and issued a GBX 815 target price on shares of Bloomsbury Publishing in a report on Thursday, September 18th. Berenberg Bank reissued a "buy" rating and set a GBX 825 price objective on shares of Bloomsbury Publishing in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 820.

Bloomsbury Publishing Company Profile

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.

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