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 quarterly earnings data 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 Price Performance

Shares of Capita stock traded up GBX 6 ($0.08) during mid-day trading on Friday, reaching GBX 253 ($3.40). 448,005 shares of the stock were exchanged, compared to its average volume of 464,471. The company has a market cap of £4.27 billion, a price-to-earnings ratio of -104.78, 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. The firm has a 50-day simple moving average of GBX 298.55 and a 200 day simple moving average of GBX 144.45. Capita has a fifty-two week low of GBX 168 ($2.26) and a fifty-two week high of GBX 358.50 ($4.82).

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CPI shares. Shore Capital reiterated a "hold" rating on shares of Capita in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on Capita from GBX 375 ($5.04) to GBX 405 ($5.45) and gave the company a "buy" rating in a research report on Friday, July 4th.

Capita Company Profile

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.