Funding Circle (LON:FCH) Announces Quarterly Earnings Results

Key Points

• Funding Circle reported a quarterly earnings per share (EPS) of GBX 1.90, but experienced a negative net margin of 19.85% and a negative return on equity of 13.75%.
• Shares of Funding Circle (LON:FCH) saw a decrease of 1.3%, with its stock opening at GBX 136.40.
• As a leading UK lending platform for SMEs, Funding Circle has extended over £13.6 billion in credit to approximately 103,000 businesses since its establishment in 2010.

Funding Circle (LON:FCH - Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX 1.90 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Funding Circle had a negative return on equity of 13.75% and a negative net margin of 19.85%.

Funding Circle Stock Down 4.2%

Shares of LON FCH traded down GBX 5.45 during midday trading on Monday, reaching GBX 124.61. 360,861 shares of the company's stock traded hands, compared to its average volume of 944,264. The company has a market cap of £367.96 million, a price-to-earnings ratio of 4,984.28 and a beta of 1.02. Funding Circle has a one year low of GBX 87.10 and a one year high of GBX 157. The company has a quick ratio of 3.33, a current ratio of 2.58 and a debt-to-equity ratio of 35.11. The stock's 50 day simple moving average is GBX 137.70 and its 200-day simple moving average is GBX 119.99.

Insider Buying and Selling at Funding Circle

In other Funding Circle news, insider Lisa Jacobs sold 237,700 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of GBX 135, for a total value of £320,895. Corporate insiders own 4.72% of the company's stock.

Funding Circle Company Profile

Funding Circle LSE: FCH is a leading UK lending platform for SME borrowers. Established in the UK in 2010, and now the leading lending platform to SMEs, Funding Circle has extended more than £13.6bn in credit to c.103,000 businesses in the UK. For SME borrowers, Funding Circle provides an unrivalled customer experience, delivered through its technology and data, coupled with a human touch.