Mears Group (LON:MER) Releases Quarterly Earnings Results

Key Points

• Mears Group reported earnings per share of GBX 28.62 ($0.38) for the quarter, with a net margin of 3.67% and return on equity of 21.83%.
• Deutsche Bank increased their price target on Mears Group from GBX 500 ($6.72) to GBX 510 ($6.86), maintaining a "buy" rating.
• The company's stock opened at GBX 384.50 ($5.17) and has a market cap of £336.86 million, with a P/E ratio of 8.57.

Mears Group (LON:MER - Get Free Report) posted its quarterly earnings data on Thursday. The company reported GBX 28.62 ($0.38) earnings per share for the quarter, Digital Look Earnings reports. Mears Group had a net margin of 3.67% and a return on equity of 21.83%.

Mears Group Stock Up 0.7%

MER stock traded up GBX 2.50 ($0.03) during midday trading on Friday, hitting GBX 386 ($5.19). The company's stock had a trading volume of 193,970 shares, compared to its average volume of 273,846. The company has a quick ratio of 0.92, a current ratio of 0.87 and a debt-to-equity ratio of 139.90. Mears Group has a 52-week low of GBX 322 ($4.33) and a 52-week high of GBX 421.37 ($5.67). The firm has a market capitalization of £338.17 million, a P/E ratio of 8.60, a PEG ratio of 0.68 and a beta of 1.26. The firm has a 50-day simple moving average of GBX 392.41 and a 200-day simple moving average of GBX 384.35.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mears Group from GBX 500 ($6.72) to GBX 510 ($6.86) and gave the stock a "buy" rating in a research report on Thursday.

About Mears Group

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.