Dowlais Group (LON:DWL) Posts Quarterly Earnings Results

Key Points

• Dowlais Group reported a quarterly earnings per share (EPS) of GBX 5.60 ($0.08), with a negative return on equity of 21.02% and a negative net margin of 11.24%.
• The company's stock reached GBX 74.90 ($1.01) during trading, with a market capitalization of £1.01 billion and a price-to-earnings ratio of -1.97.
• Jefferies Financial Group restated a "hold" rating on Dowlais Group and set a price objective of GBX 75 ($1.01) on its shares.

Dowlais Group (LON:DWL - Get Free Report) announced its earnings results on Thursday. The company reported GBX 5.60 ($0.08) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%.

Dowlais Group Trading Up 5.6%

Shares of LON:DWL traded up GBX 3.96 ($0.05) during trading on Friday, hitting GBX 74.81 ($1.01). 5,911,661 shares of the company were exchanged, compared to its average volume of 8,636,970. The stock has a market cap of £1.01 billion and a price-to-earnings ratio of -1.97. Dowlais Group has a fifty-two week low of GBX 46.98 ($0.63) and a fifty-two week high of GBX 77.35 ($1.04). The firm has a fifty day moving average price of GBX 69 and a two-hundred day moving average price of GBX 65.68.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a "hold" rating and issued a GBX 75 ($1.01) target price on shares of Dowlais Group in a research report on Thursday.

Dowlais Group Company Profile

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.