CAB Payments (LON:CABP) Releases Quarterly Earnings Results

Key Points

• CAB Payments reported a quarterly EPS of GBX 0.90 ($0.01) with a return on equity of 14.16% and a net margin of 12.21%.
• The company's stock decreased by GBX 1.90 ($0.03) to GBX 47.95 ($0.65) during trading, with a market capitalization of £121.81 million.
• Shore Capital reiterated a "house stock" rating on CAB Payments, indicating steady confidence in the company's performance.

CAB Payments (LON:CABP - Get Free Report) released its quarterly earnings results on Thursday. The company reported GBX 0.90 EPS for the quarter, Digital Look Earnings reports. CAB Payments had a return on equity of 14.16% and a net margin of 12.21%.

CAB Payments Stock Performance

CABP stock traded up GBX 0.50 during trading on Tuesday, reaching GBX 53.50. 1,311,372 shares of the company were exchanged, compared to its average volume of 488,956. The company has a market cap of £135.91 million and a P/E ratio of 7.01. CAB Payments has a 52-week low of GBX 37.30 and a 52-week high of GBX 132.80. The stock's 50 day moving average price is GBX 47.16 and its 200 day moving average price is GBX 47.76.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "house stock" rating on shares of CAB Payments in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of GBX 99.

About CAB Payments

CAB Payments Holdings plc and its subsidiaries (CAB Payments) is a market leader in business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets. CAB Payments uses its strength of network, technology, and expertise to seamlessly move money where it's needed and is the holding company for Crown Agents Bank, a UK-regulated bank.