Mears Group (LON:MER) Posts Quarterly Earnings Results

Key Points

• EPS of GBX 55.70 reported for the quarter, with a net margin of 4.28% and a return on equity of 25.81%.
• Shares rose about 3.0% to GBX 345.50 on the day (156,448 shares traded); the stock has a market cap of £284.72m, a P/E of 6.47 and a debt-to-equity ratio of 162.62.
• Analysts are broadly positive: consensus rating Buy with a consensus target price of GBX 503.50 and recent targets ranging GBX 440–565.

Mears Group (LON:MER - Get Free Report) issued its earnings results on Thursday. The company reported GBX 55.70 EPS for the quarter, Digital Look Earnings reports. Mears Group had a net margin of 4.28% and a return on equity of 25.81%.

Mears Group Stock Up 3.0%

Shares of Mears Group stock traded up GBX 10 on Thursday, hitting GBX 345.50. 156,448 shares of the company's stock traded hands, compared to its average volume of 250,122. Mears Group has a 52-week low of GBX 310 and a 52-week high of GBX 421.37. The company has a quick ratio of 0.92, a current ratio of 0.77 and a debt-to-equity ratio of 162.62. The stock has a market cap of £284.72 million, a P/E ratio of 6.47, a PEG ratio of 0.68 and a beta of 0.31. The firm's 50-day moving average is GBX 351.87 and its 200 day moving average is GBX 348.09.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Panmure Gordon reaffirmed a "buy" rating and issued a GBX 499 target price on shares of Mears Group in a research report on Monday, December 8th. Berenberg Bank reissued a "buy" rating and set a GBX 565 price target on shares of Mears Group in a research report on Thursday. Finally, Peel Hunt reaffirmed a "buy" rating and issued a GBX 440 price objective on shares of Mears Group in a research report on Monday, December 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Mears Group has a consensus rating of "Buy" and a consensus target price of GBX 503.50.

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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