Johnson Service Group (LON:JSG) Issues Quarterly Earnings Results

Key Points

• Johnson Service Group reported a quarterly earnings per share of GBX 4.60, with a net margin of 6.29% and a return on equity of 10.95%.
• Following the earnings report, Johnson Service Group's stock price increased by 10.8%, reaching GBX 153.40 at the opening.
• Analysts have a consensus rating of "Buy" on the stock, with a target price of GBX 200, indicating positive growth expectations for the company.

Johnson Service Group (LON:JSG - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 4.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Johnson Service Group had a net margin of 6.29% and a return on equity of 10.95%.

Johnson Service Group Trading Up 3.1%

Shares of JSG traded up GBX 4.80 on Friday, reaching GBX 157.60. 2,417,612 shares of the company's stock were exchanged, compared to its average volume of 2,347,408. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 44.23. The stock has a market capitalization of £627.46 million, a P/E ratio of 1,811.49, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. The business has a 50 day moving average price of GBX 143.93 and a two-hundred day moving average price of GBX 140.44. Johnson Service Group has a 12 month low of GBX 118.60 and a 12 month high of GBX 163.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JSG. Berenberg Bank restated a "buy" rating and set a GBX 195 target price on shares of Johnson Service Group in a report on Tuesday. Royal Bank Of Canada raised their price target on shares of Johnson Service Group from GBX 155 to GBX 160 and gave the company a "sector perform" rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 177.50.

Johnson Service Group Company Profile

Johnson Service Group provides high quality textile rental and related services across a range of sectors throughout the UK. Our family of high quality businesses includes “Johnsons Workwear”, “Johnsons Hotel Linen”, “Johnsons Hotel, Restaurant & Catering Linen” and “Johnsons Restaurant & Catering Linen”, each of which provides a high-quality and reliable service combined with outstanding customer care. Across our entire family, our priorities are always clear and everything we do centres on the core values of Johnson Service Group – quality, reliability and service. A strategy to consistently create value for shareholders, deliver outstanding customer service and offer fulfilling careers to employees lies at the heart of our business.