Capita (LON:CPI) Posts Earnings Results

Key Points

• Capita reported an earnings per share (EPS) of GBX 21.63 ($0.29) for the quarter, along with a negative return on equity of 28.00% and a negative net margin of 1.64%.
• Following the earnings release, Capita's stock price increased by 1.0% to GBX 282.36 ($3.75), despite a low trading volume compared to its average.
• Analysts maintain a cautious outlook, with Shore Capital reaffirming a "hold" rating while Deutsche Bank upgraded its target price on the stock to GBX 405 ($5.38) with a "buy" rating.

Capita (LON:CPI - Get Free Report) announced its earnings results on Tuesday. The company reported GBX 21.63 ($0.29) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Capita had a negative return on equity of 28.00% and a negative net margin of 1.64%.

Capita Stock Down 5.2%

CPI stock traded down GBX 13.50 ($0.18) during trading on Thursday, reaching GBX 247 ($3.32). 799,520 shares of the stock were exchanged, compared to its average volume of 464,581. The firm's 50 day moving average is GBX 298.04 and its 200 day moving average is GBX 142.80. The firm has a market cap of £4.17 billion, a P/E ratio of -102.30, a price-to-earnings-growth ratio of 0.18 and a beta of 1.95. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 291.56. Capita has a twelve month low of GBX 168 ($2.26) and a twelve month high of GBX 358.50 ($4.82).

Analyst Ratings Changes

CPI has been the subject of several recent analyst reports. Shore Capital reaffirmed a "hold" rating on shares of Capita in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Capita from GBX 375 ($5.04) to GBX 405 ($5.45) and gave the company a "buy" rating in a research note on Friday, July 4th.

About Capita

Capita plc provides consulting, digital, and software products and services to clients in the private and public sectors in the United Kingdom and internationally. It operates in two divisions: Public Service and Capita Experience divisions. The company offers solutions for finance and accounting, procurement, property and infrastructure, travel and event, and workplace administration.