IMI (LON:IMI) Announces Quarterly 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) announced its earnings results on Friday. The company reported GBX 56.10 ($0.75) earnings per share for the quarter, Digital Look Earnings reports. IMI had a return on equity of 23.85% and a net margin of 11.46%.

IMI Trading Up 1.3%

Shares of IMI stock traded up GBX 28 ($0.37) during trading on Tuesday, reaching GBX 2,178 ($28.95). 371,480 shares of the stock were exchanged, compared to its average volume of 1,276,486. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. IMI has a 1 year low of GBX 1,555.96 ($20.68) and a 1 year high of GBX 2,272 ($30.20). The firm has a market cap of £5.52 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The stock's fifty day moving average is GBX 2,094.15 and its 200 day moving average is GBX 1,958.36.

Insider Buying and Selling at IMI

In related news, insider Jackie Callaway acquired 1,046 shares of the stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average cost of GBX 1,971 ($26.20) per share, for a total transaction of £20,616.66 ($27,401.20). Over the last 90 days, insiders have bought 1,087 shares of company stock worth $2,144,228. Insiders own 1.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of IMI from GBX 2,450 ($32.56) to GBX 2,500 ($33.23) and gave the stock an "overweight" rating in a report on Monday. Peel Hunt restated a "buy" rating and set a GBX 2,450 ($32.56) target price on shares of IMI in a research report on Friday. Royal Bank Of Canada boosted their target price on IMI from GBX 2,300 ($30.57) to GBX 2,475 ($32.89) and gave the stock an "outperform" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on IMI from GBX 2,250 ($29.90) to GBX 2,625 ($34.89) and gave the company a "buy" rating in a research report on Friday.

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.