Eleco (LON:ELCO) Issues Earnings Results

Key Points

• Eleco reported earnings of GBX 2 per share for the quarter, with a return on equity of 10.50% and a net margin of 9.46%.
• Despite the earnings announcement, Eleco's shares fell 5.4% to GBX 150 and the stock has a 52-week range of GBX 106.36 to GBX 182.40.
• Insider James Pellatt purchased 6,052 shares at an average price of GBX 165, indicating confidence from company insiders who own 14.14% of Eleco's stock.

Eleco (LON:ELCO - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX 2 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Eleco had a return on equity of 10.50% and a net margin of 9.46%.

Eleco Stock Performance

Shares of ELCO stock traded up GBX 11.90 during mid-day trading on Friday, hitting GBX 148.90. 279,510 shares of the stock were exchanged, compared to its average volume of 111,063. The stock's fifty day simple moving average is GBX 166.16 and its two-hundred day simple moving average is GBX 149.68. The stock has a market capitalization of £123.07 million, a price-to-earnings ratio of 3,722.50 and a beta of 0.82. Eleco has a 12-month low of GBX 106.36 and a 12-month high of GBX 182.40. The company has a debt-to-equity ratio of 4.79, a quick ratio of 1.23 and a current ratio of 1.01.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 176 price target on shares of Eleco in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 176.

Eleco Company Profile