Chesnara (LON:CSN) Announces Quarterly Earnings Results

Key Points

• Chesnara reported a quarterly earnings per share (EPS) of GBX 6.20 with a return on equity of 1.21% and a net margin of 1.02%.
• The company's stock decreased by 1.4% on the day it released its earnings, opening at GBX 283.
• Royal Bank of Canada reaffirmed an "outperform" rating for Chesnara and set a price target of GBX 320, reflecting a consensus "Buy" rating among analysts.

Chesnara (LON:CSN - Get Free Report) announced its quarterly earnings results on Thursday. The company reported GBX (6.20) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Chesnara had a net margin of 1.02% and a return on equity of 1.21%.

Chesnara Trading Down 2.5%

Shares of Chesnara stock traded down GBX 7 during mid-day trading on Tuesday, hitting GBX 277. 726,038 shares of the stock were exchanged, compared to its average volume of 398,207. Chesnara has a twelve month low of GBX 238 and a twelve month high of GBX 304.50. The stock has a market capitalization of £638.94 million, a price-to-earnings ratio of 12,656.49 and a beta of 0.44. The company has a 50-day simple moving average of GBX 278.64 and a 200 day simple moving average of GBX 273.57. The company has a current ratio of 2.55, a quick ratio of 38.06 and a debt-to-equity ratio of 62.42.

Wall Street Analyst Weigh In

CSN has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 320 price target on shares of Chesnara in a report on Monday, July 28th. Berenberg Bank increased their price objective on shares of Chesnara from GBX 328 to GBX 333 and gave the company a "buy" rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 326.50.

Insider Activity

In other Chesnara news, insider Tom Howard sold 89,042 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of GBX 261, for a total transaction of £232,399.62. Also, insider Steve Murray sold 41,046 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of GBX 259, for a total transaction of £106,309.14. 0.74% of the stock is owned by company insiders.

About Chesnara

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden. Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests.