European Opportunities Trust (LON:EOT) Announces Earnings Results

Key Points

• European Opportunities Trust reported a quarterly earnings per share (EPS) of GBX (1.32) (($0.02)), with a net margin of 88.38% and a return on equity of 12.84%.
• The company's stock price increased by GBX 1 during trading, reaching GBX 931 ($12.60), with a market capitalization of £578.88 million and a P/E ratio of 7.24.
• European Opportunities Trust aims to invest in promising European companies while adhering to strict investment restrictions including limits on single holdings and the exclusion of unlisted securities.

European Opportunities Trust (LON:EOT - Get Free Report) posted its earnings results on Friday. The company reported GBX (1.32) EPS for the quarter, Digital Look Earnings reports. European Opportunities Trust had a return on equity of 12.84% and a net margin of 88.38%.

European Opportunities Trust Price Performance

Shares of LON EOT traded up GBX 8 during midday trading on Tuesday, hitting GBX 945. 19,347 shares of the company's stock were exchanged, compared to its average volume of 233,668. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 9.14. The business's fifty day moving average price is GBX 930.49 and its two-hundred day moving average price is GBX 891.05. The company has a market cap of £587.58 million, a price-to-earnings ratio of 7.34 and a beta of 0.86. European Opportunities Trust has a 12-month low of GBX 735.13 and a 12-month high of GBX 965.

European Opportunities Trust Company Profile

Objective of the Company The objective of the Company is to invest in securities of European companies and in sectors or geographical areas which are considered by the Investment Adviser to offer good prospects for capital growth, taking into account economic trends and business development. Investment Policy The Company will, at all times, invest and manage its assets, with the objective of spreading risk and in accordance with the following policies: Investment Restrictions Notwithstanding the broad powers of investment available to the Company as a closed-ended fund, the Board has adopted the following investment restrictions: no single holding shall constitute more than 10% of the Company's total assets (calculated at the time of investment); the Company will not invest in unlisted securities; the Company will not invest in derivative instruments, whether for efficient portfolio management, gearing or investment purposes; the Company will not invest in other listed closed-ended investment funds. the Company shall not take legal or management control over any investments in its portfolio; and not more than 50% of the Company's investments may be in securities which are not qualifying securities or government securities for the purposes of the UK ISA Regulations. Borrowing limits The Directors consider that long-term capital growth can be enhanced by the use of gearing through bank borrowings.