Mears Group (LON:MER) Announces Earnings Results

Key Points

• Mears Group reported quarterly earnings of GBX 37.12 per share, with a 4.07% net margin and 23.94% return on equity.
• Shares fell 0.1% to GBX 430 during Thursday trading. The stock remains near its 12-month high of GBX 452 and trades at a P/E ratio of 7.98.
• Analysts remain positive, with four Buy ratings and a consensus price target of GBX 506; Berenberg and Deutsche Bank reiterated Buy ratings with targets of GBX 565 and GBX 520, respectively.

Mears Group (LON:MER - Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX 37.12 earnings per share for the quarter, Digital Look Earnings reports. Mears Group had a net margin of 4.07% and a return on equity of 23.94%.

Mears Group Stock Down 0.1%

Shares of LON:MER traded down GBX 0.50 during midday trading on Thursday, hitting GBX 430. The stock had a trading volume of 424,058 shares, compared to its average volume of 462,755. Mears Group has a 12 month low of GBX 310 and a 12 month high of GBX 452. The company has a quick ratio of 0.92, a current ratio of 0.79 and a debt-to-equity ratio of 157.98. The business's 50-day simple moving average is GBX 417.90 and its 200-day simple moving average is GBX 383.46. The company has a market cap of £342.23 million, a P/E ratio of 7.98, a PEG ratio of 0.68 and a beta of 0.47.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MER shares. Berenberg Bank restated a "buy" rating and set a GBX 565 target price on shares of Mears Group in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 520 price target on shares of Mears Group in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Mears Group currently has an average rating of "Buy" and a consensus price target of GBX 506.

Insiders Place Their Bets

In other Mears Group news, insider Lucas Critchley sold 60,984 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 401, for a total value of £244,545.84. Also, insider Andrew C. M. Smith sold 108,303 shares of Mears Group stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 401, for a total transaction of £434,295.03. 1.79% of the stock is currently owned by insiders.

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. It provides housing management services, which include supply of affordable homes to public and private sectors; emergency and temporary accommodation services; affordable housing/social housing management; housing with care services; private rented sector; stock acquisition; mears housing solutions; and housing services to central government departments.

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