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

Mears Group Stock Performance

Shares of MER stock traded down GBX 3 ($0.04) during trading on Tuesday, reaching GBX 376 ($5.05). The company had a trading volume of 160,086 shares, compared to its average volume of 272,411. The firm's 50 day simple moving average is GBX 391.78 and its two-hundred day simple moving average is GBX 384.77. The company has a debt-to-equity ratio of 139.90, a current ratio of 0.87 and a quick ratio of 0.92. Mears Group has a one year low of GBX 322 ($4.33) and a one year high of GBX 421.37 ($5.66). The company has a market capitalization of £329.41 million, a PE ratio of 8.38, a PEG ratio of 0.68 and a beta of 1.26.

Insider Buying and Selling

In other Mears Group news, insider Andrew C. M. Smith purchased 6,500 shares of the company's stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of GBX 382 ($5.13) per share, with a total value of £24,830 ($33,351.24). 2.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on Mears Group from GBX 500 ($6.72) to GBX 510 ($6.85) and gave the company a "buy" rating in a report on Thursday, August 7th.

Mears Group Company Profile

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.