Dowlais Group (LON:DWL) Posts 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) issued its quarterly 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 net margin of 11.24% and a negative return on equity of 21.02%.

Dowlais Group Price Performance

DWL stock traded up GBX 1.90 ($0.03) during trading on Tuesday, hitting GBX 77.40 ($1.04). 4,847,440 shares of the stock traded hands, compared to its average volume of 8,584,375. Dowlais Group has a 1 year low of GBX 46.98 ($0.63) and a 1 year high of GBX 79.55 ($1.07). The firm's 50 day moving average is GBX 69.16 and its two-hundred day moving average is GBX 65.73. The stock has a market cap of £1.05 billion and a price-to-earnings ratio of -2.04.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 75 ($1.01) price target on shares of Dowlais Group in a research note on Thursday, August 7th.

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.