London Stock Exchange Group (LON:LSEG) Announces Quarterly Earnings Results

Key Points

• London Stock Exchange Group reported a quarterly earnings per share (EPS) of GBX 208.90 ($2.76), with a return on equity of 2.92% and a net margin of 7.93%.
• The company's stock saw an increase of 1.7% during trading hours, reaching GBX 9,413.62 ($124.35), while its market capitalization is approximately £49.83 billion.
• Analysts from Deutsche Bank, JPMorgan Chase, and Canaccord Genuity have all recently upgraded their ratings on shares of London Stock Exchange Group, indicating a positive outlook for the stock.

London Stock Exchange Group (LON:LSEG - Get Free Report) released its earnings results on Thursday. The company reported GBX 208.90 ($2.76) earnings per share (EPS) for the quarter, Digital Look Earnings reports. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%.

London Stock Exchange Group Trading Up 1.7%

LON:LSEG traded up GBX 153.62 ($2.03) during trading hours on Friday, hitting GBX 9,413.62 ($124.35). 1,755,606 shares of the company were exchanged, compared to its average volume of 4,527,345. The stock has a market capitalization of £49.83 billion, a price-to-earnings ratio of 73.83, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. London Stock Exchange Group has a one year low of GBX 9,050 ($119.55) and a one year high of £121.85 ($160.96). The company has a fifty day simple moving average of £108.53 and a 200 day simple moving average of £112.42. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39.

London Stock Exchange Group announced that its board has authorized a share buyback plan on Thursday, July 31st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LSEG. Deutsche Bank Aktiengesellschaft lifted their price target on shares of London Stock Exchange Group from £127 ($167.77) to £128 ($169.09) and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of London Stock Exchange Group from £127 ($167.77) to £128 ($169.09) and gave the stock an "overweight" rating in a research note on Friday. Canaccord Genuity Group reiterated a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a £132 ($174.37) price objective on shares of London Stock Exchange Group in a report on Thursday.

About London Stock Exchange Group

LSEG is a leading global financial markets infrastructure and data provider that operates connected businesses to serve customers across the entire financial markets value chain. With capabilities in data, indices and analytics, capital formation, trade execution, clearing and risk management, we operate at the heart of the world's financial ecosystem and enable the sustainable growth and stability of our customers and their communities. Together, our five business divisions – Data and Analytics, FTSE Russell, Risk Intelligence, Capital Markets and Post Trade – offer customers seamless access to global financial markets, across the trading lifecycle. LSEG is headquartered in London and has a major presence throughout Europe, the Americas, Asia Pacific and emerging markets.

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