IMI (LON:IMI) Releases Earnings Results

Key Points

• IMI reported earnings of GBX 56.10 ($0.74) per share with a net margin of 11.46% and return on equity of 23.85%.
• The company's stock fell by 2.1% to GBX 2,176 ($28.75) with a market cap of £5.52 billion.
• JPMorgan Chase & Co. maintains an "overweight" rating with a price target of GBX 2,450 ($32.36) for IMI shares.

IMI (LON:IMI - Get Free Report) posted its earnings results on Friday. The company reported GBX 56.10 ($0.74) earnings per share for the quarter, Digital Look Earnings reports. IMI had a net margin of 11.46% and a return on equity of 23.85%.

IMI Trading Down 2.1%

IMI stock traded down GBX 46 ($0.61) during trading on Friday, reaching GBX 2,176 ($28.75). The company had a trading volume of 1,344,563 shares, compared to its average volume of 1,287,408. IMI has a 52 week low of GBX 1,555.96 ($20.55) and a 52 week high of GBX 2,272 ($30.01). The company has a market cap of £5.52 billion, a P/E ratio of 22.30, a PEG ratio of 1.12 and a beta of 1.08. The business has a 50 day moving average of GBX 2,084.75 and a 200 day moving average of GBX 1,952.99. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 2,450 ($32.36) price target on shares of IMI in a research note on Wednesday, July 2nd.

Insider Transactions at IMI

In other IMI news, insider Jackie Callaway bought 1,046 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of GBX 1,971 ($26.04) per share, with a total value of £20,616.66 ($27,234.69). Insiders have bought 1,087 shares of company stock valued at $2,144,228 over the last ninety days. 1.52% of the stock is owned by corporate insiders.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.

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