Midwich Group (LON:MIDW) Announces Quarterly Earnings Results

Key Points

• Midwich Group reported earnings of GBX 6.91 per share for the quarter, with a return on equity of 12.88% and a net margin of 1.70%.
• The company received a "buy" rating from Berenberg Bank, setting a price target of GBX 350, indicating a positive outlook for the stock.
• Midwich Group operates in 22 countries, providing technology solutions aimed at enhancing communication and efficiency across various sectors.

Midwich Group (LON:MIDW - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 6.91 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%.

Midwich Group Stock Performance

LON:MIDW traded down GBX 3.50 during midday trading on Friday, hitting GBX 179. The company's stock had a trading volume of 201,634 shares, compared to its average volume of 272,061. Midwich Group has a fifty-two week low of GBX 164.51 and a fifty-two week high of GBX 335. The firm's 50 day moving average is GBX 217.72 and its 200-day moving average is GBX 210.44. The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78. The firm has a market cap of £183.95 million, a P/E ratio of 1,179.18 and a beta of 0.66.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 350 price objective on shares of Midwich Group in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 350.

Midwich Group Company Profile

Bringing people together. Midwich Group specialises in technology solutions that bring people together, to make society more efficient, more impactful and more exciting. Operating in 22 countries, the Group helps people connect and communicate, whether in state-of-the-art meeting rooms or on a festival main stage, audiovisual technology is all around, helping the world connect, communicate and experience wow moments. Taking technology further. The Group's services range from product distribution to complex system design, focused marketing campaigns to flexible financing solutions, and showcase events to seed funding for startups.