GlobalData (LON:DATA) Issues Quarterly Earnings Results

Key Points

• GlobalData reported earnings of GBX 3 ($0.04) per share for the quarter, with a net margin of 11.96% and a return on equity of 12.99%.
• The company's stock price increased by 1.5% to GBX 144.70 ($1.92), with a market capitalization of £1.17 billion.
• Several analysts have issued buy ratings, with Deutsche Bank and Berenberg Bank adjusting their price targets down to GBX 195 ($2.59) and GBX 260 ($3.46), respectively.

GlobalData (LON:DATA - Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 3 ($0.04) earnings per share for the quarter, Digital Look Earnings reports. GlobalData had a net margin of 11.96% and a return on equity of 12.99%.

GlobalData Stock Performance

LON DATA traded down GBX 1.50 ($0.02) during trading hours on Thursday, reaching GBX 138.50 ($1.86). 1,582,336 shares of the company were exchanged, compared to its average volume of 2,143,918. The stock has a market capitalization of £1.12 billion, a P/E ratio of 33.10, a P/E/G ratio of 1.52 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16. GlobalData has a 1 year low of GBX 128 ($1.72) and a 1 year high of GBX 230 ($3.09). The business's 50 day simple moving average is GBX 148.75 and its 200-day simple moving average is GBX 163.04.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DATA shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of GlobalData from GBX 215 ($2.89) to GBX 195 ($2.62) and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 260 ($3.50) price target on shares of GlobalData in a research report on Tuesday. Finally, Shore Capital reissued a "buy" rating on shares of GlobalData in a research report on Tuesday, July 15th.

Insider Buying and Selling at GlobalData

In other news, insider Graham Lilley sold 536,428 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of GBX 143 ($1.92), for a total transaction of £767,092.04 ($1,031,592.31). 66.45% of the stock is owned by corporate insiders.

GlobalData Company Profile

GlobalData Plc is a leading data, insights, and analytics platform for the world's largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers. One Platform Model GlobalData's One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.